TJX Companies, Inc. (The) (TJX) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department cut its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 15.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 438,501 shares of the apparel and home fashions retailer’s stock after selling 77,443 shares during the quarter. State of Tennessee Treasury Department owned about 0.07% of TJX Companies, Inc. (The) worth $32,331,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its stake in shares of TJX Companies, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock worth $199,000 after purchasing an additional 16 shares during the last quarter. Fort Pitt Capital Group LLC raised its stake in shares of TJX Companies, Inc. (The) by 0.5% in the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after purchasing an additional 17 shares during the last quarter. Summit Asset Management LLC raised its position in TJX Companies, Inc. (The) by 0.7% during the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock valued at $325,000 after acquiring an additional 30 shares in the last quarter. Reliance Trust Co. of Delaware raised its position in TJX Companies, Inc. (The) by 0.9% during the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock valued at $251,000 after acquiring an additional 31 shares in the last quarter. Finally, WMS Partners LLC raised its position in TJX Companies, Inc. (The) by 0.3% during the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock valued at $832,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 89.33% of the company’s stock.

TJX has been the subject of several recent research reports. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $90.00 price target (down from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Wednesday, August 9th. BMO Capital Markets set a $85.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Instinet reissued a “buy” rating and issued a $80.00 price objective (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $83.25.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction 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 in the company, valued at $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by insiders.

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TJX Companies, Inc. (NYSE TJX) opened at $67.98 on Thursday. The firm has a market capitalization of $43,457.53, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.64 and a beta of 0.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.80 and a current ratio of 1.63. 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 posted its 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 for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. equities analysts forecast that TJX Companies, Inc. will post 3.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a $0.3125 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.84%. 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.

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

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