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

Gotham Asset Management LLC lowered its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 23.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 307,623 shares of the apparel and home fashions retailer’s stock after selling 96,412 shares during the period. Gotham Asset Management LLC’s holdings in TJX Companies, Inc. (The) were worth $24,327,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Highbridge Capital Management LLC acquired a new position in TJX Companies, Inc. (The) during the first quarter worth about $12,448,000. Wedgewood Partners Inc. increased its position in TJX Companies, Inc. (The) by 54.2% in the first quarter. Wedgewood Partners Inc. now owns 1,813,665 shares of the apparel and home fashions retailer’s stock worth $143,424,000 after buying an additional 637,261 shares during the last quarter. Sii Investments Inc. WI increased its position in TJX Companies, Inc. (The) by 3.7% in the first quarter. Sii Investments Inc. WI now owns 7,462 shares of the apparel and home fashions retailer’s stock worth $591,000 after buying an additional 268 shares during the last quarter. State Street Corp increased its position in TJX Companies, Inc. (The) by 6.6% in the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock worth $2,277,402,000 after buying an additional 1,773,046 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in TJX Companies, Inc. (The) during the first quarter worth about $447,000. Institutional investors own 89.56% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE:TJX) opened at 70.47 on Friday. The stock has a 50 day moving average of $70.06 and a 200-day moving average of $74.80. The firm has a market capitalization of $45.69 billion, a PE ratio of 19.95 and a beta of 0.77. TJX Companies, Inc. has a 52 week low of $66.65 and a 52 week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Equities analysts anticipate that TJX Companies, Inc. will post $3.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is 35.41%.

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Several analysts recently weighed in on TJX shares. Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday. Instinet reiterated a “buy” rating and issued a $80.00 price objective (down from $83.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday. Nomura set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group restated a “neutral” rating and set a $74.00 price target (up from $72.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday. Finally, Jefferies Group LLC set a $75.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $82.61.

In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction 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 owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.

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

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