TJX Companies, Inc. (The) (NYSE:TJX) Stake Lessened by Sit Investment Associates Inc.

Sit Investment Associates Inc. reduced its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 498,190 shares of the apparel and home fashions retailer’s stock after selling 51,810 shares during the period. TJX Companies, Inc. (The) makes up about 0.9% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 23rd biggest position. Sit Investment Associates Inc. owned approximately 0.08% of TJX Companies, Inc. (The) worth $36,732,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TJX. Waldron LP increased its stake in TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after purchasing an additional 2,792 shares in the last quarter. Tiedemann Wealth Management LLC increased its position in shares of TJX Companies, Inc. (The) by 21.5% during the first quarter. Tiedemann Wealth Management LLC now owns 117,402 shares of the apparel and home fashions retailer’s stock worth $9,284,000 after acquiring an additional 20,747 shares in the last quarter. First National Trust Co. increased its position in shares of TJX Companies, Inc. (The) by 40.2% during the first quarter. First National Trust Co. now owns 21,466 shares of the apparel and home fashions retailer’s stock worth $1,697,000 after acquiring an additional 6,152 shares in the last quarter. Oxford Asset Management bought a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth $576,000. Finally, Wealthsource Partners LLC bought a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth $205,000. 89.33% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, July 18th. Buckingham Research reaffirmed a “buy” rating and issued a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, October 19th. Northcoast Research upgraded shares of TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and issued a $76.00 price target on shares of TJX Companies, Inc. (The) in a research note on Monday, September 18th. Finally, Sanford C. Bernstein assumed coverage on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price target for the company. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.25.

In related 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 transaction, the chief executive officer now 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 available through this link. 0.23% of the stock is currently owned by corporate insiders.

Shares of TJX Companies, Inc. (NYSE:TJX) traded up $0.97 during mid-day trading on Friday, reaching $70.22. 6,081,700 shares of the company’s stock were exchanged, compared to its average volume of 4,040,473. The company has a market cap of $44,061.98, a price-to-earnings ratio of 19.18, a PEG ratio of 1.66 and a beta of 0.72. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.49. TJX Companies, Inc. has a fifty-two week low of $66.65 and a fifty-two week high of $80.92.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. research analysts anticipate that TJX Companies, Inc. will post 3.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors 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 yield of 1.78%. TJX Companies, Inc. (The)’s payout ratio is currently 35.41%.

TJX Companies, Inc. (The) 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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