TJX Companies, Inc. (The) (TJX) Holdings Lifted by HM Payson & Co.

HM Payson & Co. boosted its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,666 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,487 shares during the quarter. TJX Companies, Inc. (The) accounts for 1.4% of HM Payson & Co.’s portfolio, making the stock its 21st largest position. HM Payson & Co. owned about 0.07% of TJX Companies, Inc. (The) worth $32,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new position in TJX Companies, Inc. (The) during the first quarter worth $130,000. Jacobi Capital Management LLC grew its holdings in shares of TJX Companies, Inc. (The) by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 200 shares during the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of TJX Companies, Inc. (The) during the second quarter worth $141,000. Mosaic Family Wealth LLC grew its holdings in shares of TJX Companies, Inc. (The) by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 134 shares during the last quarter. Finally, Oakworth Capital Inc. grew its holdings in shares of TJX Companies, Inc. (The) by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 89.51% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) opened at $70.76 on Tuesday. The company has a market capitalization of $45,020.00, a PE ratio of 19.45, a PEG ratio of 1.68 and a beta of 0.72. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. TJX Companies, Inc. has a 1 year low of $66.65 and a 1 year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter last year, the firm earned $0.84 EPS. TJX Companies, Inc. (The)’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts forecast that TJX Companies, Inc. will post 3.93 EPS for the current year.

The company 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 $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.41%.

Several brokerages have recently commented on TJX. Jefferies Group LLC set a $75.00 target price on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, August 9th. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Instinet reiterated a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $90.00 price target (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus price target of $83.25.

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In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) 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 sale, the chief executive officer now owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by company 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.

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

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