Sawgrass Asset Management LLC Cuts Stake in TJX Companies, Inc. (The) (TJX)

Sawgrass Asset Management LLC reduced its position in TJX Companies, Inc. (The) (NYSE:TJX) by 12.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 629,005 shares of the apparel and home fashions retailer’s stock after selling 91,910 shares during the quarter. TJX Companies, Inc. (The) accounts for about 2.3% of Sawgrass Asset Management LLC’s holdings, making the stock its 14th largest holding. Sawgrass Asset Management LLC owned approximately 0.10% of TJX Companies, Inc. (The) worth $46,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jacobi Capital Management LLC boosted its holdings in TJX Companies, Inc. (The) by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after acquiring an additional 200 shares during the period. Lenox Wealth Management Inc. purchased a new stake in TJX Companies, Inc. (The) during the 2nd quarter valued at about $141,000. Mosaic Family Wealth LLC boosted its holdings in TJX Companies, Inc. (The) by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after acquiring an additional 134 shares during the period. Oakworth Capital Inc. boosted its holdings in TJX Companies, Inc. (The) by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after acquiring an additional 185 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in TJX Companies, Inc. (The) by 4.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $147,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 88.93% of the company’s stock.

Several equities research analysts recently weighed in on TJX shares. BidaskClub cut TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Credit Suisse Group set a $72.00 target price on TJX Companies, Inc. (The) and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, August 9th. Royal Bank Of Canada dropped their target price on TJX Companies, Inc. (The) from $79.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $90.00 target price (down from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.50.

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Shares of TJX Companies, Inc. (TJX) traded up $0.26 during trading hours on Friday, hitting $70.83. The stock had a trading volume of 1,037,371 shares, compared to its average volume of 4,177,538. TJX Companies, Inc. has a 12-month low of $66.44 and a 12-month high of $80.92. The company has a market cap of $44,901.87, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.69 and a beta of 0.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. TJX Companies, Inc. (The) had a return on equity of 52.79% and a net margin of 7.01%. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. analysts forecast that TJX Companies, Inc. will post 3.93 earnings per share for the current fiscal year.

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

In other 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 value of $1,450,400.00. Following the completion of the transaction, the chief executive officer now owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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.

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

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