Cadence Capital Management LLC Cuts Holdings in TJX Companies, Inc. (The) (TJX)

Cadence Capital Management LLC lowered its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 27.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,752 shares of the apparel and home fashions retailer’s stock after selling 9,361 shares during the quarter. Cadence Capital Management LLC’s holdings in TJX Companies, Inc. (The) were worth $1,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TJX. TrimTabs Asset Management LLC lifted its holdings in shares of TJX Companies, Inc. (The) by 88.9% during 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 in 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 $130,000. Jacobi Capital Management LLC lifted its holdings in shares of TJX Companies, Inc. (The) by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after buying an additional 200 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in shares of TJX Companies, Inc. (The) by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after buying an additional 185 shares in the last quarter. Finally, Mosaic Family Wealth LLC lifted its holdings in shares of TJX Companies, Inc. (The) by 6.2% during 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 in the last quarter. 89.15% of the stock is owned by institutional investors.

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In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

TJX Companies, Inc. (NYSE TJX) opened at 73.74 on Friday. The company has a market cap of $46.92 billion, a PE ratio of 20.87 and a beta of 0.76. The firm has a 50-day moving average price of $71.50 and a 200-day moving average price of $74.23. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 EPS. On average, analysts forecast that TJX Companies, Inc. will post $3.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.70%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

TJX has been the subject of a number of research reports. BMO Capital Markets reissued a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Royal Bank Of Canada set a $79.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, June 19th. BidaskClub raised TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Credit Suisse Group set a $72.00 target price on TJX Companies, Inc. (The) and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. TJX Companies, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $83.24.

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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