TJX Companies, Inc. (The) (TJX) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its holdings in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 6.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 510,169 shares of the apparel and home fashions retailer’s stock after selling 33,015 shares during the quarter. Jennison Associates LLC owned 0.08% of TJX Companies, Inc. (The) worth $36,819,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its position in shares of TJX Companies, Inc. (The) by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock worth $199,000 after purchasing an additional 16 shares during the period. Reliance Trust Co. of Delaware raised its position in shares of TJX Companies, Inc. (The) by 0.9% during the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock worth $251,000 after purchasing an additional 31 shares during the period. WMS Partners LLC raised its position in shares of TJX Companies, Inc. (The) by 0.3% during the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock worth $832,000 after purchasing an additional 33 shares during the period. Messner & Smith Theme Value Investment Management Ltd. CA raised its position in shares of TJX Companies, Inc. (The) by 0.4% during the first quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 10,752 shares of the apparel and home fashions retailer’s stock worth $850,000 after purchasing an additional 40 shares during the period. Finally, Jackson Grant Investment Advisers Inc. raised its position in shares of TJX Companies, Inc. (The) by 0.3% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 15,139 shares of the apparel and home fashions retailer’s stock worth $1,197,000 after purchasing an additional 50 shares during the period. 89.15% of the stock is currently owned by institutional investors.

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A number of research firms have recently commented on TJX. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, July 18th. BMO Capital Markets set a $85.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $79.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) reissued 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 report on Wednesday, August 16th. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus price target of $83.24.

TJX Companies, Inc. (NYSE TJX) opened at 73.21 on Friday. The firm has a 50-day moving average price of $71.38 and a 200-day moving average price of $74.27. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92. The company has a market capitalization of $46.58 billion, a P/E ratio of 20.72 and a beta of 0.76.

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

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.

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

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