RiverPoint Capital Management LLC Has $16.02 Million Position in TJX Companies, Inc. (The) (TJX)

RiverPoint Capital Management LLC increased its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 222,034 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,311 shares during the quarter. RiverPoint Capital Management LLC’s holdings in TJX Companies, Inc. (The) were worth $16,024,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mosaic Family Wealth LLC boosted its position in TJX Companies, Inc. (The) by 7.2% during the second 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 during the last quarter. Progressive Investment Management Corp boosted its position in TJX Companies, Inc. (The) by 0.6% during the second quarter. Progressive Investment Management Corp now owns 45,025 shares of the apparel and home fashions retailer’s stock worth $3,249,000 after acquiring an additional 275 shares during the last quarter. Pax World Management LLC boosted its position in TJX Companies, Inc. (The) by 8.5% during the second quarter. Pax World Management LLC now owns 5,087 shares of the apparel and home fashions retailer’s stock worth $367,000 after acquiring an additional 400 shares during the last quarter. iAB Financial Bank boosted its position in TJX Companies, Inc. (The) by 3.7% during the second quarter. iAB Financial Bank now owns 11,552 shares of the apparel and home fashions retailer’s stock worth $834,000 after acquiring an additional 412 shares during the last quarter. Finally, Peddock Capital Advisors LLC boosted its position in TJX Companies, Inc. (The) by 251.7% during the second quarter. Peddock Capital Advisors LLC now owns 2,110 shares of the apparel and home fashions retailer’s stock worth $152,000 after acquiring an additional 1,510 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the sale, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.23% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 73.74 on Friday. The company’s 50-day moving average is $71.50 and its 200 day moving average is $74.23. The stock has a market cap of $46.92 billion, a P/E ratio of 20.87 and a beta of 0.76. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. Equities research analysts anticipate 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 given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.70%. TJX Companies, Inc. (The)’s dividend payout ratio is 35.41%.

TRADEMARK VIOLATION NOTICE: “RiverPoint Capital Management LLC Has $16.02 Million Position in TJX Companies, Inc. (The) (TJX)” was first posted by Equities Focus and is owned by of Equities Focus. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.equitiesfocus.com/2017/09/17/riverpoint-capital-management-llc-has-16-02-million-position-in-tjx-companies-inc-the-tjx.html.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Tuesday, July 18th. BMO Capital Markets set a $85.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, July 17th. Royal Bank Of Canada set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $90.00 price target (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $83.24.

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.

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

Receive News & Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply