Commerzbank Aktiengesellschaft FI Has $1.70 Million Position in TJX Companies, Inc. (The) (TJX)

Commerzbank Aktiengesellschaft FI raised its position in TJX Companies, Inc. (The) (NYSE:TJX) by 104.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 21,447 shares of the apparel and home fashions retailer’s stock after buying an additional 10,975 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in TJX Companies, Inc. (The) were worth $1,696,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Israel Discount Bank of New York GFN purchased a new position in TJX Companies, Inc. (The) during the fourth quarter worth approximately $124,000. SRS Capital Advisors Inc. purchased a new position in TJX Companies, Inc. (The) during the fourth quarter worth approximately $145,000. SRB Corp raised its position in TJX Companies, Inc. (The) by 8.1% in the third quarter. SRB Corp now owns 1,999 shares of the apparel and home fashions retailer’s stock worth $149,000 after buying an additional 149 shares in the last quarter. Johnson Financial Group Inc. raised its position in TJX Companies, Inc. (The) by 31.7% in the fourth quarter. Johnson Financial Group Inc. now owns 2,213 shares of the apparel and home fashions retailer’s stock worth $167,000 after buying an additional 533 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in TJX Companies, Inc. (The) during the first quarter worth approximately $171,000. Hedge funds and other institutional investors own 89.75% of the company’s stock.

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

TJX Companies, Inc. (TJX) traded down 0.14% on Friday, hitting $72.44. 5,772,547 shares of the stock traded hands. The stock has a market cap of $46.60 billion, a price-to-earnings ratio of 20.57 and a beta of 0.76. The firm’s 50 day moving average is $75.78 and its 200 day moving average is $76.80. TJX Companies, Inc. has a 52 week low of $71.40 and a 52 week high of $83.64.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.51%.

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A number of research firms recently commented on TJX. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $79.00 price objective (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Jefferies Group LLC set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, May 16th. Cowen and Company reissued an “outperform” rating and set a $87.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, February 23rd. Nomura reissued a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Zacks Investment Research lowered shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Four equities research 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 company presently has an average rating of “Buy” and an average price target of $85.17.

In other news, EVP Richard Sherr sold 1,179 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the sale, the executive vice president now directly owns 120,000 shares in the company, valued at $9,069,600. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the executive vice president now owns 86,243 shares in the company, valued at $6,537,219.40. The disclosure for this sale can be found here. Insiders sold a total of 40,750 shares of company stock worth $3,156,056 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

About TJX Companies, Inc. (The)

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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