TJX Companies, Inc. (The) (TJX) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lessened its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 27.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,220 shares of the apparel and home fashions retailer’s stock after selling 4,880 shares during the period. Logan Capital Management Inc.’s holdings in TJX Companies, Inc. (The) were worth $954,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Guardian Life Insurance Co. of America increased its stake in TJX Companies, Inc. (The) by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock worth $199,000 after acquiring an additional 16 shares during the period. Summit Asset Management LLC increased its stake in TJX Companies, Inc. (The) by 0.7% during the 2nd quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock worth $325,000 after acquiring an additional 30 shares during the period. Reliance Trust Co. of Delaware increased its stake in shares of TJX Companies, Inc. (The) by 0.9% in the 2nd quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock valued at $251,000 after purchasing an additional 31 shares during the last quarter. WMS Partners LLC increased its stake in shares of TJX Companies, Inc. (The) by 0.3% in the 1st quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock valued at $832,000 after purchasing an additional 33 shares during the last quarter. Finally, Messner & Smith Theme Value Investment Management Ltd. CA increased its stake in shares of TJX Companies, Inc. (The) by 0.4% in the 1st 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 purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Friday, September 1st. The shares were 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 directly owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Several equities analysts have recently issued reports on the company. Jefferies Group LLC set a $75.00 price target on TJX Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Wednesday, August 9th. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Instinet reiterated a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Finally, Buckingham Research reissued a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $83.25.

Shares of TJX Companies, Inc. (TJX) traded down 1.29% on Friday, hitting $70.55. The stock had a trading volume of 646,894 shares. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92. The firm has a market capitalization of $44.89 billion, a price-to-earnings ratio of 19.97 and a beta of 0.78. The firm has a 50 day moving average of $72.82 and a 200-day moving average of $73.07.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The company 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%. TJX Companies, Inc. (The)’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Equities analysts predict that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.75%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

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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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