TJX Companies, Inc. (The) (TJX) Stake Lowered by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd lessened its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 26.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,317 shares of the apparel and home fashions retailer’s stock after selling 4,333 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in TJX Companies, Inc. (The) were worth $908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in TJX. Camden National Bank lifted its stake in TJX Companies, Inc. (The) by 6.2% during the 3rd quarter. Camden National Bank now owns 59,572 shares of the apparel and home fashions retailer’s stock worth $4,393,000 after acquiring an additional 3,453 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in TJX Companies, Inc. (The) by 1.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 90,120 shares of the apparel and home fashions retailer’s stock worth $6,645,000 after acquiring an additional 877 shares in the last quarter. ING Groep NV lifted its stake in TJX Companies, Inc. (The) by 2,142.7% during the 3rd quarter. ING Groep NV now owns 73,023 shares of the apparel and home fashions retailer’s stock worth $5,384,000 after acquiring an additional 69,767 shares in the last quarter. Icon Advisers Inc. Co. acquired a new position in TJX Companies, Inc. (The) during the 3rd quarter worth about $560,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TJX Companies, Inc. (The) by 5.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 144,792 shares of the apparel and home fashions retailer’s stock worth $10,676,000 after purchasing an additional 8,127 shares during the period. 88.93% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on TJX shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $90.00 price target (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Instinet restated a “buy” rating and set a $80.00 price target (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a 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 on the stock in a report on Wednesday, August 9th. Finally, Northcoast Research upgraded TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, September 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $81.50.

TJX Companies, Inc. (NYSE:TJX) traded down $0.66 during trading on Thursday, reaching $70.57. The company’s stock had a trading volume of 3,767,873 shares, compared to its average volume of 4,177,538. TJX Companies, Inc. has a 52 week low of $66.44 and a 52 week high of $80.92. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The firm has a market cap of $45,321.81, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.71 and a beta of 0.72.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.77%. TJX Companies, Inc. (The)’s payout ratio is 33.78%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the 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 completion of the sale, 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 company insiders.

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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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