Mariner Wealth Advisors LLC Has $2.59 Million Stake in TJX Companies, Inc. (The) (TJX)

Mariner Wealth Advisors LLC increased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 3.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 35,896 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,061 shares during the period. Mariner Wealth Advisors LLC’s holdings in TJX Companies, Inc. (The) were worth $2,591,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TrimTabs Asset Management LLC grew its holdings in TJX Companies, Inc. (The) by 88.9% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) in the 1st quarter valued at approximately $130,000. Jacobi Capital Management LLC grew its holdings in TJX Companies, Inc. (The) by 12.9% in the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings in TJX Companies, Inc. (The) by 6.2% in the 1st quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares during the last quarter. Finally, Oakworth Capital Inc. grew its holdings in TJX Companies, Inc. (The) by 10.1% in the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after buying an additional 185 shares during the last quarter. 89.14% of the stock is currently owned by institutional investors and hedge funds.

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In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

A number of analysts have issued reports on the company. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of TJX Companies, Inc. (The) in a report on Monday, September 18th. Sanford C. Bernstein started coverage on TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price objective for the company. Finally, MKM Partners reiterated a “buy” rating and issued a $87.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $83.25.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 72.55 on Thursday. TJX Companies, Inc. has a 1-year low of $66.65 and a 1-year high of $80.92. The firm has a market capitalization of $46.16 billion, a PE ratio of 20.53 and a beta of 0.78. The stock has a 50 day moving average price of $72.89 and a 200 day moving average price of $73.52.

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 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 company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the prior year, the company earned $0.84 EPS. TJX Companies, Inc. (The)’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal 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. This represents a $1.25 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

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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