Epoch Investment Partners Inc. Has $69.73 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Epoch Investment Partners Inc. decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 46.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,034,232 shares of the apparel and home fashions retailer’s stock after selling 882,346 shares during the period. Epoch Investment Partners Inc. owned 0.09% of The TJX Companies worth $69,728,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Intellectus Partners LLC lifted its position in The TJX Companies by 6.6% during the 2nd quarter. Intellectus Partners LLC now owns 4,819 shares of the apparel and home fashions retailer’s stock worth $325,000 after acquiring an additional 300 shares during the last quarter. Ossiam acquired a new position in The TJX Companies during the 2nd quarter worth $303,000. Covington Capital Management raised its position in shares of The TJX Companies by 2.4% during the second quarter. Covington Capital Management now owns 285,724 shares of the apparel and home fashions retailer’s stock valued at $19,263,000 after buying an additional 6,594 shares during the last quarter. TrinityPoint Wealth LLC raised its position in shares of The TJX Companies by 15.9% during the second quarter. TrinityPoint Wealth LLC now owns 29,399 shares of the apparel and home fashions retailer’s stock valued at $1,982,000 after buying an additional 4,041 shares during the last quarter. Finally, Toroso Investments LLC raised its position in shares of The TJX Companies by 80.4% during the second quarter. Toroso Investments LLC now owns 23,986 shares of the apparel and home fashions retailer’s stock valued at $1,617,000 after buying an additional 10,691 shares during the last quarter. 87.70% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Scott Goldenberg sold 39,643 shares of the stock in a transaction that occurred on Thursday, August 19th. The shares were sold at an average price of $72.98, for a total transaction of $2,893,146.14. Following the sale, the chief financial officer now directly owns 145,897 shares of the company’s stock, valued at $10,647,563.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 72,546 shares of the stock in a transaction that occurred on Friday, August 20th. The shares were sold at an average price of $74.07, for a total transaction of $5,373,482.22. Following the sale, the chairman now directly owns 261,875 shares in the company, valued at $19,397,081.25. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on TJX shares. Citigroup upped their price objective on shares of The TJX Companies from $75.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of The TJX Companies from $80.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, August 16th. Morgan Stanley upped their price objective on shares of The TJX Companies from $76.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, August 19th. They noted that the move was a valuation call. Argus reaffirmed a “buy” rating and set a $86.00 price objective (up previously from $78.00) on shares of The TJX Companies in a research report on Wednesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of The TJX Companies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, August 19th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $78.25.

The TJX Companies stock traded down $0.06 during trading hours on Thursday, hitting $63.44. 116,023 shares of the stock were exchanged, compared to its average volume of 6,427,185. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.83 and a current ratio of 1.33. The stock has a market capitalization of $76.29 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.23 and a beta of 0.98. The TJX Companies, Inc. has a 12 month low of $50.06 and a 12 month high of $76.16. The business’s 50-day moving average is $69.84 and its two-hundred day moving average is $68.64.

The TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 17th. The apparel and home fashions retailer reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The TJX Companies had a net margin of 5.81% and a return on equity of 49.70%. The firm had revenue of $12.08 billion for the quarter, compared to analysts’ expectations of $10.98 billion. During the same period in the prior year, the firm earned ($0.18) earnings per share. The company’s quarterly revenue was up 81.1% compared to the same quarter last year. On average, equities analysts predict that The TJX Companies, Inc. will post 2.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 2nd. Stockholders of record on Thursday, November 11th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, November 9th. This represents a $1.04 annualized dividend and a dividend yield of 1.64%. The TJX Companies’s dividend payout ratio (DPR) is currently 335.48%.

The TJX Companies Company Profile

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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

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