TJX Companies, Inc. (The) (TJX) Position Raised by Stack Financial Management Inc

Stack Financial Management Inc boosted its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 283,755 shares of the apparel and home fashions retailer’s stock after buying an additional 1,581 shares during the period. TJX Companies, Inc. (The) makes up about 2.4% of Stack Financial Management Inc’s holdings, making the stock its 11th largest position. Stack Financial Management Inc’s holdings in TJX Companies, Inc. (The) were worth $22,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Israel Discount Bank of New York GFN purchased a new position in TJX Companies, Inc. (The) during the fourth quarter worth $124,000. Mosaic Family Wealth LLC boosted its position in TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock worth $147,000 after buying an additional 108 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in TJX Companies, Inc. (The) during the fourth quarter worth $145,000. Howard Hughes Medical Institute purchased a new position in TJX Companies, Inc. (The) during the first quarter worth $171,000. Finally, Edge Wealth Management LLC purchased a new position in TJX Companies, Inc. (The) during the first quarter worth $176,000. 89.75% of the stock is owned by institutional investors.

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

TJX Companies, Inc. (NYSE TJX) opened at 72.44 on Friday. TJX Companies, Inc. has a 52 week low of $71.40 and a 52 week high of $83.64. The stock has a market capitalization of $46.60 billion, a P/E ratio of 20.57 and a beta of 0.76. The firm’s 50-day moving average is $75.78 and its 200-day moving average is $76.80.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.73%. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.51%.

COPYRIGHT VIOLATION WARNING: “TJX Companies, Inc. (The) (TJX) Position Raised by Stack Financial Management Inc” was first published by WKRB News and is owned by of WKRB News. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.wkrb13.com/markets/2229780/tjx-companies-inc-the-tjx-position-raised-by-stack-financial-management-inc.html.

A number of research firms have weighed in on TJX. Jefferies Group LLC set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, May 16th. Cowen and Company set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of TJX Companies, Inc. (The) in a report on Wednesday, February 22nd. Credit Suisse Group reaffirmed a “hold” rating and issued a $79.00 price objective on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, February 27th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. TJX Companies, Inc. (The) currently has an average rating of “Buy” and an average price target of $85.17.

In related news, EVP Richard Sherr sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $78.13, for a total value of $1,562,600.00. Following the sale, the executive vice president now directly owns 121,179 shares of the company’s stock, valued at $9,467,715.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the completion of the sale, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The disclosure for this sale can be found here. Insiders sold 40,750 shares of company stock worth $3,156,056 over the last three months. Corporate insiders own 0.23% of the company’s stock.

TJX Companies, Inc. (The) Company 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies, Inc. (The) (NYSE:TJX).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229780/tjx-companies-inc-the-tjx-position-raised-by-stack-financial-management-inc.html

Receive News & Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.