Pioneer Investment Management Inc. Cuts Stake in TJX Companies, Inc. (The) (TJX)

Pioneer Investment Management Inc. cut its position in TJX Companies, Inc. (The) (NYSE:TJX) by 10.9% during the first quarter, Holdings Channel reports. The institutional investor owned 1,002,864 shares of the apparel and home fashions retailer’s stock after selling 123,202 shares during the period. Pioneer Investment Management Inc.’s holdings in TJX Companies, Inc. (The) were worth $79,306,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Israel Discount Bank of New York GFN acquired a new stake in shares of TJX Companies, Inc. (The) during the fourth quarter worth approximately $124,000. Mosaic Family Wealth LLC raised 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. SRS Capital Advisors Inc. acquired a new stake in shares of TJX Companies, Inc. (The) during the fourth quarter worth approximately $145,000. Howard Hughes Medical Institute acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $171,000. Finally, Edge Wealth Management LLC acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $176,000. 89.75% of the stock is currently owned by institutional investors and hedge funds.

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

TJX Companies, Inc. (NYSE TJX) opened at 72.35 on Tuesday. TJX Companies, Inc. has a 1-year low of $71.40 and a 1-year high of $83.64. The firm has a market capitalization of $46.54 billion, a P/E ratio of 20.54 and a beta of 0.76. The company has a 50 day moving average of $75.60 and a 200 day moving average of $76.74.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.51%.

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Several analysts have issued reports on the stock. Royal Bank Of Canada set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, February 22nd. 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. Jefferies Group LLC set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $79.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $85.17.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the sale, the executive vice president now directly owns 86,243 shares in the company, valued at approximately $6,537,219.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 40,750 shares of company stock worth $3,156,056 over the last 90 days. 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.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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