Greenleaf Trust Buys New Stake in TJX Companies Inc (TJX)

Greenleaf Trust bought a new stake in TJX Companies Inc (NYSE:TJX) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 59,333 shares of the apparel and home fashions retailer’s stock, valued at approximately $4,692,000.

Other large investors also recently bought and sold shares of the company. Transamerica Financial Advisors Inc. increased its stake in TJX Companies by 9.8% in the third quarter. Transamerica Financial Advisors Inc. now owns 61,054 shares of the apparel and home fashions retailer’s stock valued at $4,566,000 after buying an additional 5,430 shares in the last quarter. Nordea Investment Management AB increased its stake in TJX Companies by 13.1% in the third quarter. Nordea Investment Management AB now owns 318,425 shares of the apparel and home fashions retailer’s stock valued at $23,812,000 after buying an additional 36,872 shares in the last quarter. RiverPoint Capital Management LLC increased its stake in TJX Companies by 2.0% in the third quarter. RiverPoint Capital Management LLC now owns 207,825 shares of the apparel and home fashions retailer’s stock valued at $15,541,000 after buying an additional 4,152 shares in the last quarter. Renaissance Technologies LLC bought a new stake in TJX Companies during the fourth quarter valued at about $10,112,000. Finally, L & S Advisors Inc bought a new stake in TJX Companies during the fourth quarter valued at about $3,030,000. Hedge funds and other institutional investors own 87.65% of the company’s stock.

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

Shares of TJX Companies Inc (NYSE:TJX) opened at 74.27 on Friday. The stock has a market cap of $48.63 billion, a P/E ratio of 21.09 and a beta of 0.70. TJX Companies Inc has a 52-week low of $71.50 and a 52-week high of $83.64. The firm’s 50-day moving average price is $77.52 and its 200-day moving average price is $76.97.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. TJX Companies had a net margin of 7.00% and a return on equity of 53.12%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. Equities analysts predict that TJX Companies Inc will post $3.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be paid a $0.3125 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $1.25 annualized dividend and a yield of 1.68%. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. TJX Companies’s payout ratio is presently 30.41%.

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Several equities research analysts have issued reports on TJX shares. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday, February 27th. Susquehanna Bancshares Inc started coverage on TJX Companies in a research report on Friday, February 10th. They set a “positive” rating and a $92.00 target price on the stock. Royal Bank of Canada set a $82.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Goldman Sachs Group Inc upgraded TJX Companies from a “buy” rating to a “conviction-buy” rating and set a $97.00 target price on the stock in a research report on Thursday, March 16th. Finally, Wedbush restated an “outperform” rating and set a $85.00 target price on shares of TJX Companies in a research report on Wednesday, February 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $85.17.

In other TJX Companies news, EVP Michael Macmillan sold 21,180 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $78.50, for a total value of $1,662,630.00. Following the sale, the executive vice president now owns 148,820 shares in the company, valued at approximately $11,682,370. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the sale, the executive vice president now owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,930 shares of company stock worth $4,515,486. Corporate insiders own 0.30% of the company’s stock.

About TJX Companies

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.

12 Month Chart for NYSE:TJX

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