TJX Companies, Inc. (The) (TJX) Stake Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 49.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,690 shares of the apparel and home fashions retailer’s stock after selling 297,805 shares during the period. Retirement Systems of Alabama’s holdings in TJX Companies, Inc. (The) were worth $22,760,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TJX. BlackRock Inc. lifted its holdings in shares of TJX Companies, Inc. (The) by 1,980.9% during the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after purchasing an additional 39,763,685 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of TJX Companies, Inc. (The) by 278.1% during the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after purchasing an additional 4,994,846 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of TJX Companies, Inc. (The) by 19.2% during the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after purchasing an additional 3,339,536 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in shares of TJX Companies, Inc. (The) by 265.0% during the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after purchasing an additional 3,014,430 shares in the last quarter. Finally, Fiduciary Management Inc. WI bought a new position in shares of TJX Companies, Inc. (The) during the 1st quarter valued at about $225,702,000. Institutional investors and hedge funds own 89.51% of the company’s stock.

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by insiders.

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Several equities analysts have recently weighed in on TJX shares. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Tuesday, October 10th. Credit Suisse Group set a $72.00 price objective on TJX Companies, Inc. (The) and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada cut their price objective on TJX Companies, Inc. (The) from $79.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, August 16th. Jefferies Group LLC reiterated a “hold” rating and set a $75.00 price objective on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. Finally, BidaskClub upgraded TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus price target of $83.25.

TJX Companies, Inc. (NYSE:TJX) opened at $68.64 on Tuesday. The firm has a market capitalization of $45,020.00, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. TJX Companies, Inc. has a 1 year low of $66.65 and a 1 year high of $80.92. 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. (The) (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. sell-side analysts forecast that TJX Companies, Inc. will post 3.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is presently 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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