Private Bank & Trust Co. raised its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 16.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,543 shares of the apparel and home fashions retailer’s stock after buying an additional 1,371 shares during the period. Private Bank & Trust Co.’s holdings in TJX Companies, Inc. (The) were worth $689,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. TrimTabs Asset Management LLC boosted its position in shares of 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 purchased a new stake in TJX Companies, Inc. (The) during the first quarter worth approximately $130,000. Jacobi Capital Management LLC raised 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 worth $133,000 after buying an additional 200 shares in the last quarter. Mosaic Family Wealth LLC raised 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 worth $147,000 after buying an additional 108 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in TJX Companies, Inc. (The) during the first quarter worth approximately $171,000. Hedge funds and other institutional investors own 89.27% of the company’s stock.

TJX Companies, Inc. (NYSE:TJX) traded up 0.80% during midday trading on Friday, hitting $70.16. 3,323,160 shares of the stock traded hands. The company has a 50-day moving average of $70.27 and a 200-day moving average of $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 PE ratio of 19.92 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. TJX Companies, Inc. (The)’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $0.76 earnings per share. On average, equities research analysts anticipate that TJX Companies, Inc. will post $3.89 earnings per share for the current 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 given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend 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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TJX has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Morgan Stanley raised shares of TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price objective on the stock in a research note on Wednesday, May 17th. BidaskClub raised shares of TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Credit Suisse Group reaffirmed a “hold” rating and issued a $79.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. TJX Companies, Inc. (The) presently has an average rating of “Buy” and an average target price of $83.72.

In other TJX Companies, Inc. (The) news, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the transaction, the executive vice president now owns 120,000 shares of the company’s stock, valued at $9,069,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at approximately $6,537,219.40. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by 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.

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

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