Empire Life Investments Inc. lifted its stake in shares of TJX Companies Inc (NYSE:TJX) by 207.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 535,893 shares of the apparel and home fashions retailer’s stock after purchasing an additional 361,648 shares during the quarter. TJX Companies comprises 3.2% of Empire Life Investments Inc.’s portfolio, making the stock its 5th largest position. Empire Life Investments Inc. owned approximately 0.08% of TJX Companies worth $40,974,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Harrington Investments INC grew its holdings in TJX Companies by 3.0% in the 4th quarter. Harrington Investments INC now owns 21,664 shares of the apparel and home fashions retailer’s stock worth $1,656,000 after buying an additional 640 shares in the last quarter. Assetmark Inc. grew its holdings in TJX Companies by 50.3% in the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock worth $152,000 after buying an additional 664 shares in the last quarter. Capital Investment Services of America Inc. grew its holdings in TJX Companies by 0.4% in the 4th quarter. Capital Investment Services of America Inc. now owns 184,330 shares of the apparel and home fashions retailer’s stock worth $14,094,000 after buying an additional 685 shares in the last quarter. Global X Management Co. LLC grew its holdings in TJX Companies by 13.3% in the 4th quarter. Global X Management Co. LLC now owns 5,853 shares of the apparel and home fashions retailer’s stock worth $448,000 after buying an additional 689 shares in the last quarter. Finally, Pegasus Partners Ltd. grew its holdings in TJX Companies by 3.3% in the 3rd quarter. Pegasus Partners Ltd. now owns 22,649 shares of the apparel and home fashions retailer’s stock worth $1,670,000 after buying an additional 733 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.
In related news, Chairman Carol Meyrowitz sold 43,020 shares of TJX Companies stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $83.77, for a total transaction of $3,603,785.40. Following the sale, the chairman now directly owns 294,098 shares of the company’s stock, valued at $24,636,589.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Amy B. Lane sold 1,000 shares of TJX Companies stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $82.81, for a total value of $82,810.00. Following the sale, the director now directly owns 15,998 shares in the company, valued at $1,324,794.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,020 shares of company stock worth $5,446,635. 0.23% of the stock is currently owned by company insiders.
TJX Companies Inc (NYSE TJX) opened at $82.67 on Monday. The firm has a market capitalization of $52,272.45, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.65 and a beta of 0.68. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $84.79. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.10. The company had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.75 billion. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. equities research analysts anticipate that TJX Companies Inc will post 4.86 EPS for the current year.
TJX Companies announced that its board has authorized a share repurchase program on Wednesday, February 28th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
About TJX Companies
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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