United Services Automobile Association Sells 514 Shares of TJX Companies, Inc. (The) (NYSE:TJX)

United Services Automobile Association cut its position in TJX Companies, Inc. (The) (NYSE:TJX) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,043 shares of the apparel and home fashions retailer’s stock after selling 514 shares during the period. United Services Automobile Association owned 0.10% of TJX Companies, Inc. (The) worth $51,326,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TJX. Ameriprise Financial Inc. increased its stake in TJX Companies, Inc. (The) by 63.7% in the first 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 buying an additional 3,275,506 shares in the last quarter. Polen Capital Management LLC increased its stake in shares of TJX Companies, Inc. (The) by 8.0% in the first quarter. Polen Capital Management LLC now owns 6,687,215 shares of the apparel and home fashions retailer’s stock worth $528,825,000 after buying an additional 497,404 shares during the period. American Century Companies Inc. increased its stake in shares of TJX Companies, Inc. (The) by 6.4% in the first quarter. American Century Companies Inc. now owns 5,628,074 shares of the apparel and home fashions retailer’s stock worth $445,068,000 after buying an additional 336,717 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of TJX Companies, Inc. (The) by 5.2% in the first quarter. Diamond Hill Capital Management Inc. now owns 4,007,999 shares of the apparel and home fashions retailer’s stock worth $316,953,000 after buying an additional 198,788 shares during the period. Finally, Swiss National Bank raised its position in TJX Companies, Inc. (The) by 20.8% in the first quarter. Swiss National Bank now owns 2,890,021 shares of the apparel and home fashions retailer’s stock worth $228,543,000 after buying an additional 498,100 shares in the last quarter. 89.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of TJX Companies, Inc. (TJX) traded down 0.06% on Friday, reaching $69.60. The company’s stock had a trading volume of 3,433,486 shares. The company has a 50 day moving average price of $70.45 and a 200 day moving average price of $75.32. The company has a market cap of $44.77 billion, a P/E ratio of 19.76 and a beta of 0.78. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $83.64.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. On average, analysts anticipate that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.80%. TJX Companies, Inc. (The)’s payout ratio is 35.51%.

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A number of research analysts recently issued reports on TJX shares. BMO Capital Markets restated a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Morgan Stanley upgraded TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price target for the company in a research report on Wednesday, May 17th. BidaskClub upgraded TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Credit Suisse Group reiterated a “hold” rating and set a $79.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Zacks Investment Research lowered TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $84.11.

In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the transaction, the executive vice president now owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Sherr sold 1,179 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the transaction, the executive vice president now directly owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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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