ZWJ Investment Counsel Inc. Has $694,000 Stake in TJX Companies, Inc. (The) (TJX)

ZWJ Investment Counsel Inc. lowered its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,419 shares of the apparel and home fashions retailer’s stock after selling 1,467 shares during the quarter. ZWJ Investment Counsel Inc. owned approximately 1,480.35% of TJX Companies, Inc. (The) worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Scotia Capital Inc. grew its position in shares of TJX Companies, Inc. (The) by 9.4% during the second quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock worth $3,926,000 after buying an additional 4,661 shares in the last quarter. Northern Capital Management LLC grew its position in shares of TJX Companies, Inc. (The) by 34.5% during the third quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock worth $3,950,000 after buying an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC acquired a new stake in shares of TJX Companies, Inc. (The) during the third quarter worth approximately $2,083,000. Gofen & Glossberg LLC IL boosted its holdings in TJX Companies, Inc. (The) by 7.9% in the second quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock worth $2,781,000 after purchasing an additional 2,835 shares during the period. Finally, Curbstone Financial Management Corp boosted its holdings in TJX Companies, Inc. (The) by 100.0% in the third quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock worth $2,571,000 after purchasing an additional 17,436 shares during the period. 89.33% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on TJX. Royal Bank Of Canada set a $76.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, October 30th. Buckingham Research reaffirmed a “buy” rating and issued a $85.00 price objective on shares of TJX Companies, Inc. (The) in a report on Thursday, October 19th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, September 28th. Finally, Sanford C. Bernstein assumed coverage on TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 target price on the stock. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $83.25.

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Shares of TJX Companies, Inc. (NYSE:TJX) opened at $70.22 on Friday. The company has a market capitalization of $44,679.16, a P/E ratio of 19.45, a P/E/G ratio of 1.68 and a beta of 0.72. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $80.92. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.49.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period in the previous year, the company earned $0.84 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. research analysts expect 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 issued a $0.3125 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.78%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.41%.

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by insiders.

About TJX Companies, Inc. (The)

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.

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

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