TJX Companies, Inc. (The) (NYSE:TJX) Stake Boosted by Barings LLC

Barings LLC raised its position in TJX Companies, Inc. (The) (NYSE:TJX) by 23.6% during the first quarter, Holdings Channel reports. The firm owned 118,940 shares of the apparel and home fashions retailer’s stock after buying an additional 22,674 shares during the period. Barings LLC’s holdings in TJX Companies, Inc. (The) were worth $9,406,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its position in TJX Companies, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock valued at $199,000 after buying an additional 16 shares during the last quarter. WMS Partners LLC increased its position in TJX Companies, Inc. (The) by 0.3% in the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock valued at $832,000 after buying an additional 33 shares during the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA increased its position in TJX Companies, Inc. (The) by 0.4% in the first quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 10,752 shares of the apparel and home fashions retailer’s stock valued at $850,000 after buying an additional 40 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its position in TJX Companies, Inc. (The) by 0.3% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 15,139 shares of the apparel and home fashions retailer’s stock valued at $1,197,000 after buying an additional 50 shares during the last quarter. Finally, Concert Wealth Management Inc. increased its position in TJX Companies, Inc. (The) by 0.5% in the first quarter. Concert Wealth Management Inc. now owns 11,322 shares of the apparel and home fashions retailer’s stock valued at $853,000 after buying an additional 55 shares during the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies, Inc. (TJX) traded down 1.31% during midday trading on Thursday, reaching $70.33. The company’s stock had a trading volume of 976,003 shares. The company has a market cap of $45.24 billion, a PE ratio of 19.97 and a beta of 0.77. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $83.64. The stock has a 50-day moving average price of $69.96 and a 200 day moving average price of $75.01.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating 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 firm had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business earned $0.76 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.51%.

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Several research firms have recently commented on TJX. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Wednesday. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group reaffirmed a “neutral” rating and issued a $72.00 target price (down previously from $79.00) on shares of TJX Companies, Inc. (The) in a research report on Tuesday. BMO Capital Markets set a $85.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Cowen and Company set a $80.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $83.78.

In other news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) 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 completion of the sale, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the sale, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at $9,069,600. The disclosure for this sale can be found here. 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies, Inc. (The) (NYSE:TJX).

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

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