Reinhart Partners Inc. Has $609,000 Position in TJX Companies, Inc. (The) (TJX)

Reinhart Partners Inc. increased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,445 shares of the apparel and home fashions retailer’s stock after buying an additional 100 shares during the period. Reinhart Partners Inc.’s holdings in TJX Companies, Inc. (The) were worth $609,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TrimTabs Asset Management LLC raised its stake in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) during the first quarter valued at about $130,000. Jacobi Capital Management LLC raised its stake in TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares during the last quarter. Mosaic Family Wealth LLC raised its stake 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 valued at $147,000 after buying an additional 108 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at $171,000. 89.85% of the stock is owned by hedge funds and other institutional investors.

TJX Companies, Inc. (NYSE:TJX) traded up 1.15% during mid-day trading on Friday, hitting $71.07. 4,933,347 shares of the company traded hands. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $83.64. The company’s 50-day moving average price is $70.05 and its 200 day moving average price is $74.95. The company has a market capitalization of $45.72 billion, a price-to-earnings ratio of 20.18 and a beta of 0.77.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be issued a $0.3125 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.76%. TJX Companies, Inc. (The)’s payout ratio is currently 35.51%.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Wednesday. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Credit Suisse Group reiterated a “neutral” rating and set a $72.00 price objective (down from $79.00) on shares of TJX Companies, Inc. (The) in a research note on Tuesday. BMO Capital Markets set a $85.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Cowen and Company set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $83.78.

In other news, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the sale, the executive vice president now owns 120,000 shares in the company, valued at $9,069,600. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the sale, the executive vice president now owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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.

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

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