Lcnb Corp Raises Stake in TJX Companies, Inc. (The) (NYSE:TJX)

Lcnb Corp raised its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,157 shares of the apparel and home fashions retailer’s stock after buying an additional 78 shares during the period. Lcnb Corp’s holdings in TJX Companies, Inc. (The) were worth $329,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TJX. Wellington Management Group LLP raised its stake in TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after buying an additional 3,339,536 shares during the last quarter. Ameriprise Financial Inc. raised its stake in TJX Companies, Inc. (The) by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after buying an additional 3,275,506 shares during the last quarter. Polen Capital Management LLC raised its stake in TJX Companies, Inc. (The) by 8.0% in the first quarter. Polen Capital Management LLC now owns 6,687,215 shares of the apparel and home fashions retailer’s stock valued at $528,825,000 after buying an additional 497,404 shares during the last quarter. American Century Companies Inc. raised its stake in TJX Companies, Inc. (The) by 6.4% in the first quarter. American Century Companies Inc. now owns 5,628,074 shares of the apparel and home fashions retailer’s stock valued at $445,068,000 after buying an additional 336,717 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in TJX Companies, Inc. (The) by 5.2% in the first quarter. Diamond Hill Capital Management Inc. now owns 4,007,999 shares of the apparel and home fashions retailer’s stock valued at $316,953,000 after buying an additional 198,788 shares during the last quarter. Institutional investors and hedge funds own 89.85% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) traded up 0.520% during midday trading on Monday, hitting $70.525. The stock had a trading volume of 702,756 shares. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $83.64. The firm has a market cap of $45.37 billion, a price-to-earnings ratio of 20.024 and a beta of 0.77. The stock’s 50 day moving average price is $70.27 and its 200 day moving average price is $75.23.

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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The company had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $0.76 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, equities analysts forecast that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is 35.51%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Credit Suisse Group reissued a “hold” rating and issued a $79.00 price target on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reissued 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 issued a $84.00 price target (down from $87.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Nomura reissued a “buy” rating and issued a $84.00 price target on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $83.72.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the transaction, the executive vice president now owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value of $89,108.82. Following the transaction, the executive vice president now directly owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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.