Gamco Investors INC. ET AL Sells 1,195 Shares of TJX Companies, Inc. (The) (TJX)

Gamco Investors INC. ET AL decreased its position in TJX Companies, Inc. (The) (NYSE:TJX) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,704 shares of the apparel and home fashions retailer’s stock after selling 1,195 shares during the period. Gamco Investors INC. ET AL’s holdings in TJX Companies, Inc. (The) were worth $688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. M Holdings Securities Inc. increased its position in TJX Companies, Inc. (The) by 0.4% in the fourth quarter. M Holdings Securities Inc. now owns 3,148 shares of the apparel and home fashions retailer’s stock worth $237,000 after buying an additional 12 shares in the last quarter. Linscomb & Williams Inc. increased its position in shares of TJX Companies, Inc. (The) by 0.4% in the fourth quarter. Linscomb & Williams Inc. now owns 11,085 shares of the apparel and home fashions retailer’s stock worth $833,000 after buying an additional 41 shares during the period. Jackson Grant Investment Advisers Inc. increased its position in shares of TJX Companies, Inc. (The) by 0.3% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 15,089 shares of the apparel and home fashions retailer’s stock worth $1,134,000 after buying an additional 49 shares during the period. Rosenbaum Jay D. increased its position in shares of TJX Companies, Inc. (The) by 0.4% in the first quarter. Rosenbaum Jay D. now owns 16,615 shares of the apparel and home fashions retailer’s stock worth $1,314,000 after buying an additional 65 shares during the period. Finally, Grimes & Company Inc. increased its position in shares of TJX Companies, Inc. (The) by 1.7% in the first quarter. Grimes & Company Inc. now owns 3,908 shares of the apparel and home fashions retailer’s stock worth $309,000 after buying an additional 65 shares during the period. 89.75% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of TJX Companies, Inc. (NYSE:TJX) traded down 0.14% during mid-day trading on Friday, reaching $72.44. The company had a trading volume of 5,772,547 shares. The firm has a 50-day moving average price of $75.78 and a 200-day moving average price of $76.80. TJX Companies, Inc. has a 1-year low of $71.40 and a 1-year high of $83.64. The stock has a market capitalization of $46.60 billion, a price-to-earnings ratio of 20.57 and a beta of 0.76.

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

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

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A number of equities analysts recently weighed in on TJX shares. Credit Suisse Group reissued a “hold” rating and issued a $77.00 price target on shares of TJX Companies, Inc. (The) in a report on Friday, February 17th. Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Saturday, February 18th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, February 22nd. Cowen and Company reiterated an “outperform” rating and set a $87.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, February 23rd. Finally, Jefferies Group LLC set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “hold” rating 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. The company has a consensus rating of “Buy” and an average price target of $85.17.

In other TJX Companies, Inc. (The) news, EVP Richard Sherr sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $78.13, for a total value of $1,562,600.00. Following the completion of the sale, the executive vice president now owns 121,179 shares of the company’s stock, valued at $9,467,715.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott Goldenberg sold 15,571 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $77.14, for a total transaction of $1,201,146.94. Following the completion of the sale, the chief financial officer now directly owns 105,844 shares of the company’s stock, valued at approximately $8,164,806.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,750 shares of company stock valued at $3,156,056. 0.23% of the stock is currently owned by 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.

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