Hexavest Inc. Buys New Position in TJX Companies, Inc. (The) (TJX)

Hexavest Inc. bought a new position in TJX Companies, Inc. (The) (NYSE:TJX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 600,659 shares of the apparel and home fashions retailer’s stock, valued at approximately $43,350,000. Hexavest Inc. owned approximately 0.09% of TJX Companies, Inc. (The) at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of TJX Companies, Inc. (The) by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after buying an additional 39,763,685 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after buying an additional 3,339,536 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of TJX Companies, Inc. (The) by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock worth $665,521,000 after buying an additional 3,275,506 shares in the last quarter. Fiduciary Management Inc. WI bought a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth about $225,702,000. Finally, Vanguard Group Inc. increased its stake in shares of TJX Companies, Inc. (The) by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock worth $3,725,322,000 after buying an additional 2,336,495 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) traded up 0.399% on Tuesday, hitting $71.745. The stock had a trading volume of 1,411,293 shares. The firm has a 50-day moving average of $70.04 and a 200 day moving average of $74.77. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92. The company has a market capitalization of $46.51 billion, a PE ratio of 20.307 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. On average, equities analysts anticipate that TJX Companies, Inc. will post $3.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a $0.3125 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 annualized dividend and a yield of 1.75%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

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A number of equities research analysts recently issued reports on TJX shares. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, April 25th. Morgan Stanley raised TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price target on the stock in a research report on Wednesday, May 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $79.00 price target (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Nomura reissued a “buy” rating and set a $84.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Cowen and Company set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $82.61.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

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

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