Picton Mahoney Asset Management Has $3.25 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Picton Mahoney Asset Management cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 48,114 shares of the apparel and home fashions retailer’s stock after selling 4,876 shares during the quarter. Picton Mahoney Asset Management’s holdings in The TJX Companies were worth $3,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TJX. Prime Capital Investment Advisors LLC lifted its position in The TJX Companies by 63.2% during the first quarter. Prime Capital Investment Advisors LLC now owns 1,619 shares of the apparel and home fashions retailer’s stock worth $107,000 after acquiring an additional 627 shares during the last quarter. IndexIQ Advisors LLC grew its stake in shares of The TJX Companies by 14.6% during the first quarter. IndexIQ Advisors LLC now owns 17,615 shares of the apparel and home fashions retailer’s stock worth $1,165,000 after buying an additional 2,241 shares during the last quarter. Swiss National Bank grew its stake in shares of The TJX Companies by 1.7% during the first quarter. Swiss National Bank now owns 5,454,084 shares of the apparel and home fashions retailer’s stock worth $360,788,000 after buying an additional 92,400 shares during the last quarter. Meridian Wealth Advisors LLC bought a new stake in shares of The TJX Companies during the first quarter worth $450,000. Finally, Alberta Investment Management Corp grew its stake in shares of The TJX Companies by 50.8% during the first quarter. Alberta Investment Management Corp now owns 407,700 shares of the apparel and home fashions retailer’s stock worth $26,969,000 after buying an additional 137,400 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

In other news, CFO Scott Goldenberg sold 39,643 shares of the firm’s stock in a transaction dated Thursday, August 19th. The shares were sold at an average price of $72.98, for a total value of $2,893,146.14. Following the completion of the sale, the chief financial officer now directly owns 145,897 shares of the company’s stock, valued at approximately $10,647,563.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Carol Meyrowitz sold 72,546 shares of the firm’s stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $74.07, for a total transaction of $5,373,482.22. Following the completion of the sale, the chairman now directly owns 261,875 shares of the company’s stock, valued at $19,397,081.25. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

TJX stock opened at $69.11 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.83 and a current ratio of 1.33. The TJX Companies, Inc. has a 52 week low of $50.06 and a 52 week high of $76.16. The firm’s fifty day moving average is $70.12 and its 200 day moving average is $68.53. The firm has a market cap of $83.11 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.23 and a beta of 0.98.

The TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, August 17th. The apparel and home fashions retailer reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The TJX Companies had a net margin of 5.81% and a return on equity of 49.70%. The company had revenue of $12.08 billion for the quarter, compared to analyst estimates of $10.98 billion. During the same quarter last year, the firm earned ($0.18) EPS. The firm’s quarterly revenue was up 81.1% compared to the same quarter last year. As a group, analysts forecast that The TJX Companies, Inc. will post 2.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 2nd. Investors of record on Thursday, November 11th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, November 9th. The TJX Companies’s dividend payout ratio is currently 335.48%.

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of The TJX Companies from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, August 19th. MKM Partners boosted their target price on shares of The TJX Companies from $79.00 to $87.00 and gave the stock a “buy” rating in a research report on Friday, August 20th. Zacks Investment Research raised shares of The TJX Companies from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Wednesday, July 21st. Citigroup upped their price objective on shares of The TJX Companies from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, August 19th. Finally, Guggenheim boosted their target price on shares of The TJX Companies from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 20th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $78.75.

About The TJX Companies

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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

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