Cohen Lawrence B lowered its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 77,186 shares of the apparel and home fashions retailer’s stock after selling 3,479 shares during the period. TJX Companies, Inc. (The) makes up 3.6% of Cohen Lawrence B’s investment portfolio, making the stock its 7th largest position. Cohen Lawrence B’s holdings in TJX Companies, Inc. (The) were worth $5,571,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. TrimTabs Asset Management LLC boosted 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 in the last quarter. Israel Discount Bank of New York bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at approximately $130,000. Jacobi Capital Management LLC boosted 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 in the last quarter. Mosaic Family Wealth LLC boosted 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 in the last quarter. Finally, Howard Hughes Medical Institute bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at approximately $171,000. Institutional investors and hedge funds own 89.85% of the company’s stock.

TJX Companies, Inc. (NYSE TJX) traded up 0.90% during trading on Monday, hitting $70.79. 1,243,493 shares of the stock were exchanged. The firm’s 50 day moving average price is $70.27 and its 200-day moving average price is $75.23. The stock has a market cap of $45.54 billion, a price-to-earnings ratio of 20.10 and a beta of 0.77. TJX Companies, Inc. has a 1-year low of $66.65 and a 1-year high of $83.64.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS 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 the consensus estimate of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, analysts anticipate that TJX Companies, Inc. will post $3.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.3125 dividend. 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 presently 35.51%.

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A number of analysts have issued reports on TJX shares. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Credit Suisse Group set a $72.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. BMO Capital Markets set a $85.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, July 17th. 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 research note on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, May 16th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $83.72.

In other news, EVP Richard Sherr sold 1,179 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the sale, the executive vice president now owns 120,000 shares of the company’s stock, valued at approximately $9,069,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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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