Friday, 17 November, 2017

TJX Companies Q3 Profit Meets View, But Revenues Miss; Shares Fall

Conrad Doyle | 14 November, 2017, 19:42

The hedge fund run by Edward A. Mule held 877,843 shares of the hotels and resorts company at the end of 2017Q2, valued at $16.72 million, down from 1.60M at the end of the previous reported quarter. The institutional investor owned 226,028 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,635 shares during the period.

Net income for the first nine months of Fiscal 2018 was $1.7bn and diluted earnings per share were $2.67, a 10% increase over the prior year's GAAP EPS of $2.43 and a 6% increase over the prior year's adjusted EPS of $2.51.

Other large investors have also made changes to their positions in the company. Moreover, Global X Management Co Llc has 0.59% invested in the company for 2.23 million shares. (The) by 12.9% in the first quarter.

Cgrowth Capital, Inc. serves as alternative asset management firm for businesses and assets focused on all aspects of mining, minerals, exploration and commercial real estate. (The) during the second quarter worth $141,000. Summit Asset Mgmt Ltd Liability Co invested 0.17% of its portfolio in TJX Companies Inc (NYSE:TJX). (NYSE:TJX) gross margin percentage stands at 28.8% while its operating margin for the past trailing twelve month is 11 percent and its overall profit margin (ttm) is 6.8 Percent. Pnc Financial Group Inc accumulated 4,626 shares or 0% of the stock. State Of New Jersey Common Pension Fund D invested 0.09% of its portfolio in TJX Companies Inc (NYSE:TJX).

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. "(The) (NYSE:TJX) Shares Bought by Wendell David Associates Inc." was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. The correct version of this piece of content can be read at https://weekherald.com/2017/11/14/copeland-capital-management-llc-takes-position-in-tjx-companies-inc-the-tjx.html. Northcoast Research raised shares of TJX Companies, Inc. The stock has "Strong-Buy" rating by Vetr on Monday, September 21. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Since May 17, 2017, it had 0 insider buys, and 1 insider sale for $303,211 activity. The TJX Companies had 56 analyst reports since August 10, 2015 according to SRatingsIntel. Zacks Investment Research upgraded TJX Companies, Inc. Evercore maintained it with "Hold" rating and $4 target in Wednesday, August 5 report. Goldman Sachs Group Inc. reiterated a "buy" rating and issued a $92.00 price target on shares of The TJX Cos.in a research note on Monday, August 1st. The firm earned "Outperform" rating on Thursday, October 22 by Wells Fargo. (The) from a "hold" rating to a "buy" rating and set a $80.00 price target on the stock in a report on Wednesday, August 9th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein began coverage on shares of TJX Companies, Inc. Barclays Capital maintained the shares of S in report on Tuesday, July 26 with "Equal-Weight" rating. The analysts, on average, are forecasting a $83.67 price target, but the stock is already up 5.35% from its recent lows. BMO Capital Markets maintained TJX Companies Inc (NYSE:TJX) rating on Thursday, June 8. Flossbach Von Storch Ag invested in 4.15M shares or 3.41% of the stock. TJX Companies, Inc. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.80 and a current ratio of 1.63. The company has a market capitalization of $45,020.00, a PE ratio of 19.45, a PEG ratio of 1.68 and a beta of 0.72. (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 16th. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of $1 per share. Ruggie Gp reported 0% in TJX Companies Inc (NYSE:TJX). The TJX Cos. The company earned $7.88 billion during the quarter, compared to the consensus estimate of $7.85 billion.

The stock increased 0.89% or $0.07 during the last trading session, reaching $7.96. The TJX Companies, Inc.is headquartered in Framingham, Massachusetts. Stockholders of record on Thursday, November 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.75%. TJX Companies, Inc. (The)'s dividend payout ratio is now 35.41%.

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