Essex Financial Services Inc. Has $928,000 Stake in TJX Companies, Inc. (The) (TJX)

Essex Financial Services Inc. trimmed its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 10.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,855 shares of the apparel and home fashions retailer’s stock after selling 1,464 shares during the quarter. Essex Financial Services Inc.’s holdings in TJX Companies, Inc. (The) were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of TJX. BlackRock Inc. raised its position in shares of TJX Companies, Inc. (The) by 1,980.9% during the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after acquiring an additional 39,763,685 shares during the last quarter. Wellington Management Group LLP raised its position in shares of TJX Companies, Inc. (The) by 19.2% during the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after acquiring an additional 3,339,536 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of TJX Companies, Inc. (The) by 63.7% during the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock worth $665,521,000 after acquiring an additional 3,275,506 shares during the last quarter. Flossbach Von Storch AG raised its position in shares of TJX Companies, Inc. (The) by 265.0% during the second quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock worth $299,651,000 after acquiring an additional 3,014,430 shares during the last quarter. Finally, Fiduciary Management Inc. WI bought a new position in shares of TJX Companies, Inc. (The) during the first quarter worth about $225,702,000. Institutional investors own 89.13% of the company’s stock.

A number of brokerages have recently issued reports on TJX. 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. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Monday. Northcoast Research upgraded TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, September 7th. They noted that the move was a valuation call. MKM Partners restated a “buy” rating and set a $87.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Finally, Sanford C. Bernstein began coverage on TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 price objective for the company. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $83.24.

ILLEGAL ACTIVITY WARNING: “Essex Financial Services Inc. Has $928,000 Stake in TJX Companies, Inc. (The) (TJX)” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/09/19/essex-financial-services-inc-has-928000-stake-in-tjx-companies-inc-the-tjx.html.

Shares of TJX Companies, Inc. (TJX) opened at 73.42 on Tuesday. The firm has a market cap of $46.72 billion, a PE ratio of 20.78 and a beta of 0.76. The firm has a 50-day moving average price of $71.61 and a 200-day moving average price of $74.13. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last announced 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 consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. 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 company earned $0.84 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

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 transaction, the chief executive officer now owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies, Inc. (The) (NYSE:TJX).

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

Receive News & Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply