TJX Companies, Inc. (The) (TJX) Position Lifted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 227.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,504 shares of the apparel and home fashions retailer’s stock after buying an additional 14,927 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in TJX Companies, Inc. (The) were worth $1,586,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in TJX. BlackRock Inc. raised its holdings in 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 worth $3,303,255,000 after buying an additional 39,763,685 shares during the period. Alliancebernstein L.P. raised its holdings in 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 worth $490,110,000 after buying an additional 4,994,846 shares during the period. Flossbach Von Storch AG raised its holdings in 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 worth $299,651,000 after buying an additional 3,014,430 shares during the period. Fiduciary Management Inc. WI acquired a new stake in TJX Companies, Inc. (The) during the 1st quarter worth approximately $225,702,000. Finally, Boston Partners raised its holdings in TJX Companies, Inc. (The) by 1,038.6% during the 2nd quarter. Boston Partners now owns 3,067,319 shares of the apparel and home fashions retailer’s stock worth $221,369,000 after buying an additional 2,797,917 shares during the period. Hedge funds and other institutional investors own 89.51% of the company’s stock.

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 shares were 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 $34,869,138.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by company insiders.

TJX Companies, Inc. (TJX) traded up $1.96 during trading hours on Friday, hitting $71.02. 7,837,480 shares of the company traded hands, compared to its average volume of 5,257,096. TJX Companies, Inc. has a twelve month low of $66.44 and a twelve month high of $80.92. The company has a quick ratio of 0.80, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $45,188.18, a PE ratio of 19.19, a PEG ratio of 1.70 and a beta of 0.72.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. TJX Companies, Inc. (The) had a net margin of 7.01% and a return on equity of 52.79%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same period last year, the business earned $0.91 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. research analysts predict that TJX Companies, Inc. will post 3.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.76%. TJX Companies, Inc. (The)’s dividend payout ratio is presently 33.78%.

Several analysts have commented on TJX shares. Buckingham Research restated a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “sell” rating in a report on Monday, November 13th. Royal Bank Of Canada set a $76.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, October 30th. BidaskClub downgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. dropped their target price on shares of TJX Companies, Inc. (The) from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.50.

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About TJX Companies, Inc. (The)

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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