Sentry Investments Corp. lowered its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 51.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 81,060 shares of the apparel and home fashions retailer’s stock after selling 85,000 shares during the period. Sentry Investments Corp.’s holdings in TJX Companies, Inc. (The) were worth $6,410,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. TrimTabs Asset Management LLC boosted its position in shares of 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 worth $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth about $130,000. Mosaic Family Wealth LLC raised its stake in shares of 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 worth $147,000 after buying an additional 108 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth about $171,000. Finally, Edge Wealth Management LLC purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter valued at $176,000. Hedge funds and other institutional investors own 89.27% of the company’s stock.
TJX Companies, Inc. (NYSE:TJX) traded down 0.361% during midday trading on Wednesday, reaching $70.465. 1,663,837 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $70.27 and a 200 day moving average price of $75.23. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $83.64. The company has a market cap of $45.33 billion, a price-to-earnings ratio of 20.007 and a beta of 0.77.
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 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The company had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts anticipate that TJX Companies, Inc. will post $3.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.51%.
TRADEMARK VIOLATION WARNING: “Sentry Investments Corp. Has $6.41 Million Position in TJX Companies, Inc. (The) (TJX)” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://stocknewstimes.com/2017/08/02/tjx-companies-inc-the-tjx-shares-sold-by-sentry-investments-corp-updated.html.
A number of brokerages have commented on TJX. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Credit Suisse Group reissued a “hold” rating and set a $79.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Instinet reissued a “buy” rating and set a $84.00 target price (down from $87.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $83.72.
In other news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) 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 completion of the transaction, the executive vice president now owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the transaction, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at approximately $9,069,600. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
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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