Lloyds Banking Group plc Trims Stake in TJX Companies, Inc. (The) (TJX)

Lloyds Banking Group plc trimmed its position in TJX Companies, Inc. (The) (NYSE:TJX) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,369 shares of the apparel and home fashions retailer’s stock after selling 290 shares during the quarter. TJX Companies, Inc. (The) comprises about 1.7% of Lloyds Banking Group plc’s investment portfolio, making the stock its 26th biggest position. Lloyds Banking Group plc’s holdings in TJX Companies, Inc. (The) were worth $170,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TJX. Waldron LP increased its holdings in shares of TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock worth $449,000 after purchasing an additional 2,792 shares during the last quarter. Welch & Forbes LLC increased its holdings in shares of TJX Companies, Inc. (The) by 0.4% in the first quarter. Welch & Forbes LLC now owns 372,992 shares of the apparel and home fashions retailer’s stock worth $29,496,000 after purchasing an additional 1,330 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in shares of TJX Companies, Inc. (The) in the first quarter worth about $434,000. Pegasus Partners Ltd. increased its holdings in shares of TJX Companies, Inc. (The) by 0.3% in the first quarter. Pegasus Partners Ltd. now owns 22,842 shares of the apparel and home fashions retailer’s stock worth $1,806,000 after purchasing an additional 78 shares during the last quarter. Finally, Dowling & Yahnke LLC increased its holdings in shares of TJX Companies, Inc. (The) by 7.0% in the first quarter. Dowling & Yahnke LLC now owns 20,815 shares of the apparel and home fashions retailer’s stock worth $1,646,000 after purchasing an additional 1,364 shares during the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies, Inc. (NYSE TJX) opened at 72.39 on Monday. The firm’s 50 day moving average price is $70.81 and its 200 day moving average price is $74.38. The stock has a market cap of $46.06 billion, a price-to-earnings ratio of 20.49 and a beta of 0.76. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate 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 was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. On average, equities research analysts predict that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

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

Several brokerages have recently issued reports on TJX. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $79.00 target price (down from $82.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 target price on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, May 16th. BMO Capital Markets set a $85.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus price target of $82.79.

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.

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

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