TJX Companies, Inc. (The) (TJX) Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,525,944 shares of the apparel and home fashions retailer’s stock after purchasing an additional 139,968 shares during the period. Legal & General Group Plc owned about 0.55% of TJX Companies, Inc. (The) worth $254,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after purchasing an additional 2,336,495 shares in the last quarter. BlackRock Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 1,980.9% in the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after purchasing an additional 39,763,685 shares in the last quarter. State Street Corp boosted its stake in shares of TJX Companies, Inc. (The) by 6.6% in the 1st quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after purchasing an additional 1,773,046 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of TJX Companies, Inc. (The) by 19.2% in the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after purchasing an additional 3,339,536 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 63.7% in the 1st quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after purchasing an additional 3,275,506 shares in the last quarter. Institutional investors own 89.15% of the company’s stock.

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TJX has been the topic of a number of research analyst reports. Cowen and Company set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, May 17th. Nomura restated a “buy” rating and issued a $84.00 price target on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. 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 note on Wednesday, May 17th. Royal Bank Of Canada set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, June 19th. Finally, BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $83.24.

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the sale, the chief executive officer now owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

TJX Companies, Inc. (TJX) opened at 73.54 on Wednesday. The company has a market cap of $46.79 billion, a price-to-earnings ratio of 20.82 and a beta of 0.76. The firm’s 50-day moving average is $70.92 and its 200 day moving average is $74.31. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 52.87% and a net margin of 6.83%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, equities analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

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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