NEXT Financial Group Inc decreased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 27.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,920 shares of the apparel and home fashions retailer’s stock after selling 712 shares during the period. NEXT Financial Group Inc’s holdings in TJX Companies, Inc. (The) were worth $151,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Israel Discount Bank of New York GFN purchased a new position in TJX Companies, Inc. (The) during the fourth quarter valued at $124,000. SRS Capital Advisors Inc. purchased a new position in TJX Companies, Inc. (The) during the fourth quarter valued at $145,000. Mosaic Family Wealth LLC boosted its position in TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at $171,000. Finally, Edge Wealth Management LLC purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at $176,000. Institutional investors and hedge funds own 89.75% of the company’s stock.

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

Shares of TJX Companies, Inc. (NYSE:TJX) opened at 72.35 on Tuesday. TJX Companies, Inc. has a 12 month low of $71.40 and a 12 month high of $83.64. The firm’s 50-day moving average price is $75.60 and its 200-day moving average price is $76.74. The company has a market capitalization of $46.54 billion, a price-to-earnings ratio of 20.54 and a beta of 0.76.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The business had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts expect that TJX Companies, Inc. will post $3.89 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be given a dividend of $0.3125 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.73%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.51%.

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TJX has been the subject of several research analyst reports. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Monday, February 27th. Royal Bank Of Canada set a $82.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, February 22nd. Instinet raised their price target on TJX Companies, Inc. (The) from $83.00 to $87.00 and gave the company a “buy” rating in a report on Monday, April 3rd. Nomura restated a “buy” rating and set a $84.00 price target on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Cowen and Company set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $85.17.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott Goldenberg sold 15,571 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $77.14, for a total value of $1,201,146.94. Following the transaction, the chief financial officer now owns 105,844 shares of the company’s stock, valued at $8,164,806.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,750 shares of company stock valued at $3,156,056. Company insiders own 0.23% of the company’s stock.

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.

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