Curbstone Financial Management Corp Has $2.57 Million Stake in TJX Companies, Inc. (The) (NYSE:TJX)

Curbstone Financial Management Corp lifted its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,872 shares of the apparel and home fashions retailer’s stock after purchasing an additional 17,436 shares during the quarter. Curbstone Financial Management Corp’s holdings in TJX Companies, Inc. (The) were worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of TJX Companies, Inc. (The) by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock valued at $3,450,938,000 after purchasing an additional 708,532 shares during the last quarter. BlackRock Inc. grew its stake in shares of TJX Companies, Inc. (The) by 4.8% during the 2nd quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after acquiring an additional 1,996,874 shares during the period. State Street Corp boosted its stake in 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 worth $2,277,402,000 after purchasing an additional 1,773,046 shares during the period. Wellington Management Group LLP boosted its stake in 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 worth $1,637,238,000 after purchasing an additional 3,339,536 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in TJX Companies, Inc. (The) by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after purchasing an additional 51,364 shares during the period. 89.33% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on TJX. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Tuesday, July 18th. BMO Capital Markets set a $85.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, July 17th. BidaskClub lowered TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $90.00 target price (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Finally, Instinet reiterated a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. TJX Companies, Inc. (The) presently has an average rating of “Buy” and a consensus target price of $83.25.

TJX Companies, Inc. (NYSE TJX) traded up $0.97 during mid-day trading on Friday, hitting $70.22. The company had a trading volume of 6,081,700 shares, compared to its average volume of 4,040,473. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.63 and a quick ratio of 0.80. The stock has a market cap of $44,061.98, a P/E ratio of 19.18, a PEG ratio of 1.66 and a beta of 0.72. TJX Companies, Inc. has a 52-week low of $66.65 and a 52-week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the prior year, the business earned $0.84 EPS. TJX Companies, Inc. (The)’s revenue was up 6.0% on a year-over-year basis. sell-side analysts expect that TJX Companies, Inc. will post 3.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.78%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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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.

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

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