APG Asset Management N.V. increased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 34.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,996,224 shares of the apparel and home fashions retailer’s stock after buying an additional 764,638 shares during the period. APG Asset Management N.V. owned 0.47% of TJX Companies, Inc. (The) worth $216,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. TrimTabs Asset Management LLC increased its stake in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the period. Israel Discount Bank of New York bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at $130,000. Jacobi Capital Management LLC increased its stake in TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares during the period. Mosaic Family Wealth LLC increased its stake 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 during the period. Finally, Howard Hughes Medical Institute bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at $171,000. Hedge funds and other institutional investors own 89.27% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) traded up 0.80% during trading on Friday, hitting $70.16. 3,323,160 shares of the company were exchanged. The company’s 50-day moving average price is $70.27 and its 200 day moving average price is $75.23. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $83.64. The stock has a market cap of $45.13 billion, a P/E ratio of 19.92 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The business had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts predict that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is 35.51%.

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Several analysts recently weighed in on TJX shares. Cowen and Company set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Nomura reiterated a “buy” rating and issued a $84.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Tuesday, April 25th. Instinet reiterated a “buy” rating and issued a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $79.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, June 19th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and an average target price of $83.72.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total transaction of $303,200.00. Following the completion of the sale, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total transaction of $89,108.82. Following the sale, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

TJX Companies, Inc. (The) Company Profile

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

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