TJX Companies, Inc. (The) (NYSE:TJX) is EULAV Asset Management’s 5th Largest Position

EULAV Asset Management continued to hold its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 358,000 shares of the apparel and home fashions retailer’s stock at the end of the first quarter. TJX Companies, Inc. (The) accounts for 1.4% of EULAV Asset Management’s portfolio, making the stock its 5th largest position. EULAV Asset Management owned about 0.06% of TJX Companies, Inc. (The) worth $28,311,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. TrimTabs Asset Management LLC boosted 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 worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) during the first quarter worth $130,000. Mosaic Family Wealth LLC boosted 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 worth $147,000 after buying an additional 108 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $171,000. Finally, SRS Capital Advisors Inc. raised its position 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 during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

TJX Companies, Inc. (NYSE TJX) traded up 0.31% during trading on Friday, reaching $70.47. The company had a trading volume of 6,655,057 shares. The company has a 50-day moving average price of $70.06 and a 200 day moving average price of $74.80. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $80.92. The company has a market capitalization of $45.69 billion, a price-to-earnings ratio of 19.95 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.84 EPS. Analysts expect that TJX Companies, Inc. will post $3.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued 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 1.77%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

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A number of research analysts have commented on the company. Zacks Investment Research lowered TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Credit Suisse Group restated a “hold” rating and issued a $79.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Instinet restated a “buy” rating and issued a $84.00 price target (down from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $82.61.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the firm’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 in the company, valued at approximately $6,537,219.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

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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