Provident Trust Co. Reduces Holdings in TJX Companies, Inc. (The) (TJX)

Provident Trust Co. reduced its position in TJX Companies, Inc. (The) (NYSE:TJX) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,726,722 shares of the apparel and home fashions retailer’s stock after selling 19,321 shares during the period. TJX Companies, Inc. (The) comprises about 5.7% of Provident Trust Co.’s holdings, making the stock its 11th largest position. Provident Trust Co. owned approximately 0.27% of TJX Companies, Inc. (The) worth $127,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Jacobi Capital Management LLC boosted its stake in shares of TJX Companies, Inc. (The) by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after acquiring an additional 200 shares in the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of TJX Companies, Inc. (The) during the 2nd quarter worth about $141,000. Mosaic Family Wealth LLC boosted its stake in shares of TJX Companies, Inc. (The) by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after acquiring an additional 134 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after acquiring an additional 185 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of TJX Companies, Inc. (The) by 4.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock worth $147,000 after acquiring an additional 93 shares in the last quarter. 88.93% of the stock is currently owned by institutional investors.

TJX Companies, Inc. (NYSE:TJX) traded up $0.04 during trading hours on Wednesday, hitting $71.23. The stock had a trading volume of 4,421,600 shares, compared to its average volume of 4,179,359. TJX Companies, Inc. has a 1-year low of $66.44 and a 1-year high of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. The company has a market cap of $45,296.36, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.71 and a beta of 0.72.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. TJX Companies, Inc. (The) had a return on equity of 52.79% and a net margin of 7.01%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same period last year, the company earned $0.91 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. sell-side analysts predict that TJX Companies, Inc. will post 3.93 earnings per share for the current year.

The business also recently declared 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. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.75%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 33.78%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (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 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 is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

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Several brokerages recently weighed in on TJX. Buckingham Research restated a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, October 19th. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “sell” rating in a research note on Monday, November 13th. Royal Bank Of Canada set a $76.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, October 30th. BidaskClub downgraded TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. decreased their target price on TJX Companies, Inc. (The) from $88.00 to $81.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $81.50.

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

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