Dock Street Asset Management Inc. Has $5.26 Million Holdings in TJX Companies, Inc. (The) (TJX)

Dock Street Asset Management Inc. trimmed its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 3.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 72,921 shares of the apparel and home fashions retailer’s stock after selling 2,445 shares during the period. TJX Companies, Inc. (The) accounts for approximately 2.5% of Dock Street Asset Management Inc.’s portfolio, making the stock its 18th largest position. Dock Street Asset Management Inc.’s holdings in TJX Companies, Inc. (The) were worth $5,263,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jackson Wealth Management LLC increased its stake in shares of TJX Companies, Inc. (The) by 0.8% during the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock worth $1,599,000 after acquiring an additional 171 shares during the period. Waldron LP increased its stake in shares of TJX Companies, Inc. (The) by 96.7% during the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock worth $449,000 after acquiring an additional 2,792 shares during the period. Vanguard Group Inc. increased its stake in shares of TJX Companies, Inc. (The) by 5.2% during the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock worth $3,725,322,000 after acquiring an additional 2,336,495 shares during the period. Perkins Coie Trust Co increased its stake in shares of TJX Companies, Inc. (The) by 1.8% during the second quarter. Perkins Coie Trust Co now owns 26,238 shares of the apparel and home fashions retailer’s stock worth $1,894,000 after acquiring an additional 470 shares during the period. Finally, Trust Co. of Vermont increased its stake in shares of TJX Companies, Inc. (The) by 2.0% during the first quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock worth $3,076,000 after acquiring an additional 781 shares during the period. 89.15% of the stock is owned by institutional investors and hedge funds.

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

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

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

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In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction that occurred on Friday, September 1st. The shares were 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 of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

TJX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Wednesday, August 9th. BMO Capital Markets set a $85.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, July 17th. Royal Bank Of Canada set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, June 19th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $90.00 price target (down from $97.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Finally, Nomura set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. TJX Companies, Inc. (The) presently 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.

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

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