TJX Companies, Inc. (The) (NYSE:TJX) Stake Raised by RiverPoint Capital Management LLC

RiverPoint Capital Management LLC increased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 3.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 215,723 shares of the apparel and home fashions retailer’s stock after buying an additional 7,745 shares during the period. TJX Companies, Inc. (The) makes up about 1.2% of RiverPoint Capital Management LLC’s investment portfolio, making the stock its 29th largest position. RiverPoint Capital Management LLC’s holdings in TJX Companies, Inc. (The) were worth $17,059,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TJX. TrimTabs Asset Management LLC boosted its stake in shares of 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 worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth $130,000. Mosaic Family Wealth LLC boosted its stake in shares of 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 in the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth $171,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 14.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,201 shares of the apparel and home fashions retailer’s stock worth $174,000 after buying an additional 276 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) traded up 0.31% during trading on Friday, hitting $70.47. 6,655,057 shares of the stock were exchanged. The stock has a market cap of $45.69 billion, a P/E ratio of 19.95 and a beta of 0.77. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $80.92. The stock has a 50-day moving average of $70.06 and a 200 day moving average of $74.80.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a $0.3125 dividend. 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 payout ratio is currently 35.41%.

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A number of brokerages recently weighed in on TJX. 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 note on Tuesday. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Wednesday, August 9th. Nomura set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday. Instinet reiterated a “buy” rating and set a $80.00 price target (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday. Finally, Royal Bank Of Canada reduced their target price on shares of TJX Companies, Inc. (The) from $79.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. TJX Companies, Inc. (The) presently has an average rating of “Buy” and a consensus target price of $82.61.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value 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 $6,537,219.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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