TJX Companies, Inc. (The) (TJX) Holdings Boosted by Bessemer Group Inc.

Bessemer Group Inc. raised its position in TJX Companies, Inc. (The) (NYSE:TJX) by 2,438.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,529,329 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,469,079 shares during the quarter. Bessemer Group Inc. owned about 0.24% of TJX Companies, Inc. (The) worth $112,758,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in TJX Companies, Inc. (The) by 1.5% in 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. boosted its holdings in TJX Companies, Inc. (The) by 4.8% in 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 purchasing an additional 1,996,874 shares during the last quarter. State Street Corp boosted its holdings 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 valued at $2,277,402,000 after purchasing an additional 1,773,046 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 valued at $1,637,238,000 after purchasing an additional 3,339,536 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings 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 valued at $610,888,000 after purchasing an additional 51,364 shares during the last quarter. Institutional investors own 89.33% of the company’s stock.

Several research firms have weighed in on TJX. Instinet reiterated a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. MKM Partners reissued a “buy” rating and issued a $87.00 price target on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. Nomura 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, August 16th. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and seventeen have given 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. (NYSE TJX) opened at $70.22 on Friday. TJX Companies, Inc. has a 52 week low of $66.65 and a 52 week high of $80.92. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. The firm has a market cap of $44,679.16, a P/E ratio of 19.45, a P/E/G ratio of 1.68 and a beta of 0.72.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the Zacks’ 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 company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. analysts predict that TJX Companies, Inc. will post 3.93 earnings per share for the current year.

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

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

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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.

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

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