Comerica Bank cut its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,599 shares of the apparel and home fashions retailer’s stock after selling 4,031 shares during the period. Comerica Bank’s holdings in TJX Companies, Inc. (The) were worth $17,509,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Transamerica Financial Advisors Inc. increased its stake in shares of TJX Companies, Inc. (The) by 9.8% in the third quarter. Transamerica Financial Advisors Inc. now owns 61,054 shares of the apparel and home fashions retailer’s stock valued at $4,566,000 after buying an additional 5,430 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of TJX Companies, Inc. (The) by 13.1% in the third quarter. Nordea Investment Management AB now owns 318,425 shares of the apparel and home fashions retailer’s stock valued at $23,812,000 after buying an additional 36,872 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of TJX Companies, Inc. (The) by 1.6% in the third quarter. Wells Fargo & Company MN now owns 8,824,457 shares of the apparel and home fashions retailer’s stock valued at $659,893,000 after buying an additional 139,311 shares during the last quarter. RiverPoint Capital Management LLC increased its stake in shares of TJX Companies, Inc. (The) by 2.0% in the third quarter. RiverPoint Capital Management LLC now owns 207,825 shares of the apparel and home fashions retailer’s stock valued at $15,541,000 after buying an additional 4,152 shares in the last quarter. Finally, BRYN MAWR TRUST Co increased its stake in shares of TJX Companies, Inc. (The) by 4.8% in the third quarter. BRYN MAWR TRUST Co now owns 212,659 shares of the apparel and home fashions retailer’s stock valued at $15,903,000 after buying an additional 9,784 shares in the last quarter. 87.65% of the stock is owned by hedge funds and other institutional investors.

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

Shares of TJX Companies, Inc. (NYSE:TJX) opened at 76.83 on Friday. The firm has a 50-day moving average of $75.80 and a 200-day moving average of $76.36. The firm has a market cap of $50.09 billion, a PE ratio of 22.50 and a beta of 0.70. TJX Companies, Inc. has a 52 week low of $70.25 and a 52 week high of $83.64.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.04. TJX Companies, Inc. (The) had a net margin of 7.00% and a return on equity of 53.12%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the company earned $0.86 EPS. TJX Companies, Inc. (The)’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that TJX Companies, Inc. will post $3.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Thursday, February 9th will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, February 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies, Inc. (The)’s payout ratio is presently 30.41%.

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TJX has been the subject of several research reports. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Wednesday, November 16th. Telsey Advisory Group increased their price objective on shares of TJX Companies, Inc. (The) from $78.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 16th. Jefferies Group LLC reissued a “hold” rating and set a $77.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Wednesday, November 16th. Wedbush reissued an “outperform” rating and set a $85.00 price objective (up previously from $84.00) on shares of TJX Companies, Inc. (The) in a research report on Sunday, December 4th. Finally, RBC Capital Markets reissued a “buy” rating and set a $80.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, January 5th. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. TJX Companies, Inc. (The) presently has an average rating of “Buy” and a consensus target price of $83.90.

In related news, EVP Kenneth Canestrari sold 6,701 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $79.56, for a total transaction of $533,131.56. Following the transaction, the executive vice president now owns 64,871 shares in the company, valued at approximately $5,161,136.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

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 are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

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