TJX Companies, Inc. (The) (TJX) Shares Bought by Accident Compensation Corp

Accident Compensation Corp increased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,271 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,000 shares during the period. Accident Compensation Corp’s holdings in TJX Companies, Inc. (The) were worth $3,267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its holdings in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the period. Israel Discount Bank of New York purchased a new position in TJX Companies, Inc. (The) in the first quarter valued at approximately $130,000. Jacobi Capital Management LLC raised its holdings in TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares during the period. Mosaic Family Wealth LLC raised its holdings in TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares during the period. Finally, Oakworth Capital Inc. raised its holdings in TJX Companies, Inc. (The) by 10.1% in the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after buying an additional 185 shares during the period. 89.13% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.

Shares of TJX Companies, Inc. (TJX) opened at 73.60 on Friday. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92. The company has a 50 day moving average price of $72.77 and a 200 day moving average price of $73.68. The company has a market cap of $46.83 billion, a PE ratio of 20.83 and a beta of 0.78.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The business 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%. TJX Companies, Inc. (The)’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. On average, equities analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.70%. TJX Companies, Inc. (The)’s payout ratio is presently 35.41%.

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A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Credit Suisse Group set a $72.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, July 18th. Jefferies Group LLC set a $75.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, BMO Capital Markets set a $85.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, July 17th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus price target of $83.15.

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.

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

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