TJX Companies, Inc. (The) (TJX) Shares Sold by Ashfield Capital Partners LLC

Ashfield Capital Partners LLC decreased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 66.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,020 shares of the apparel and home fashions retailer’s stock after selling 77,640 shares during the period. Ashfield Capital Partners LLC’s holdings in TJX Companies, Inc. (The) were worth $3,086,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Israel Discount Bank of New York GFN bought a new position in shares of TJX Companies, Inc. (The) during the fourth quarter valued at about $124,000. SRS Capital Advisors Inc. bought a new position in shares of TJX Companies, Inc. (The) during the fourth quarter valued at about $145,000. Mosaic Family Wealth LLC increased its position 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 valued at $147,000 after buying an additional 108 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at about $171,000. Finally, Edge Wealth Management LLC bought a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at about $176,000. Hedge funds and other institutional investors own 89.75% of the company’s stock.

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

Shares of TJX Companies, Inc. (TJX) opened at 72.35 on Tuesday. The stock’s 50 day moving average is $75.60 and its 200 day moving average is $76.74. The stock has a market capitalization of $46.54 billion, a PE ratio of 20.54 and a beta of 0.76. TJX Companies, Inc. has a 52 week low of $71.40 and a 52 week high of $83.64.

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 analysts’ consensus estimates 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 company had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. Analysts anticipate 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. Shareholders 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 dividend on an annualized basis and a yield of 1.73%. TJX Companies, Inc. (The)’s payout ratio is 35.51%.

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Several research analysts recently issued reports on TJX shares. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Monday, February 27th. Royal Bank Of Canada set a $82.00 price objective on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Instinet lifted their price objective on TJX Companies, Inc. (The) from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, April 3rd. Nomura restated a “buy” rating and set a $84.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Cowen and Company set a $80.00 price objective on 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 given a buy rating and one has issued a strong buy rating to the company’s stock. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and an average target price of $85.17.

In other news, EVP Richard Sherr sold 20,000 shares of the firm’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $78.13, for a total transaction of $1,562,600.00. Following the transaction, the executive vice president now owns 121,179 shares in the company, valued at approximately $9,467,715.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total transaction of $303,200.00. Following the transaction, the executive vice president now owns 86,243 shares in the company, valued at approximately $6,537,219.40. The disclosure for this sale can be found here. Insiders have sold a total of 40,750 shares of company stock worth $3,156,056 in the last 90 days. 0.23% of the stock is owned by 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TJX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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