Messner & Smith Theme Value Investment Management Ltd. CA Sells 725 Shares of TJX Companies, Inc. (The) (TJX)

Messner & Smith Theme Value Investment Management Ltd. CA lowered its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,027 shares of the apparel and home fashions retailer’s stock after selling 725 shares during the quarter. Messner & Smith Theme Value Investment Management Ltd. CA’s holdings in TJX Companies, Inc. (The) were worth $724,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its position in TJX Companies, Inc. (The) by 65.5% in the second quarter. Parametric Portfolio Associates LLC now owns 2,454,108 shares of the apparel and home fashions retailer’s stock worth $177,113,000 after purchasing an additional 971,092 shares during the last quarter. Advisor Group Inc. boosted its position in TJX Companies, Inc. (The) by 6.4% in the second quarter. Advisor Group Inc. now owns 71,776 shares of the apparel and home fashions retailer’s stock worth $5,065,000 after purchasing an additional 4,312 shares during the last quarter. Nordea Investment Management AB boosted its position in TJX Companies, Inc. (The) by 2.2% in the second quarter. Nordea Investment Management AB now owns 413,811 shares of the apparel and home fashions retailer’s stock worth $29,865,000 after purchasing an additional 9,065 shares during the last quarter. Elkhorn Investments LLC boosted its position in TJX Companies, Inc. (The) by 3.7% in the second quarter. Elkhorn Investments LLC now owns 14,373 shares of the apparel and home fashions retailer’s stock worth $1,008,000 after purchasing an additional 509 shares during the last quarter. Finally, Cibc World Markets Corp boosted its position in TJX Companies, Inc. (The) by 33.5% in the second quarter. Cibc World Markets Corp now owns 90,896 shares of the apparel and home fashions retailer’s stock worth $6,560,000 after purchasing an additional 22,809 shares during the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 71.78 on Friday. The company has a market capitalization of $45.67 billion, a price-to-earnings ratio of 20.32 and a beta of 0.78. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92. The company’s 50 day moving average price is $72.90 and its 200-day moving average price is $73.51.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. TJX Companies, Inc. (The)’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. On average, equities analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.74%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

TJX has been the topic of a number of recent research reports. Royal Bank Of Canada set a $79.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub cut TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Instinet reaffirmed a “buy” rating and set a $80.00 price target (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. MKM Partners reaffirmed a “buy” rating and set a $87.00 price target on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Finally, Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $83.16.

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In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is currently owned by insiders.

TJX Companies, Inc. (The) Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

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