TJX Companies, Inc. (The) (TJX) Position Raised by Rathbone Brothers plc

Rathbone Brothers plc boosted its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 31.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,650 shares of the apparel and home fashions retailer’s stock after purchasing an additional 81,000 shares during the quarter. Rathbone Brothers plc owned about 0.05% of TJX Companies, Inc. (The) worth $24,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Israel Discount Bank of New York bought a new position in shares of TJX Companies, Inc. (The) in the first quarter worth approximately $130,000. Jacobi Capital Management LLC grew its holdings in shares of TJX Companies, Inc. (The) by 12.9% in 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 position in shares of TJX Companies, Inc. (The) in the second quarter worth approximately $141,000. Mosaic Family Wealth LLC grew its holdings in shares of TJX Companies, Inc. (The) by 7.2% in 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% in 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. 89.32% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on TJX. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of 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. BMO Capital Markets set a $85.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $90.00 target price (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Finally, 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. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $83.25.

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In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at $34,869,138.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $8.29 billion. During the same period last year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is 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.

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

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