Excalibur Management Corp purchased a new stake in TJX Companies, Inc. (The) (NYSE:TJX) during the second quarter, Holdings Channel reports. The fund purchased 2,990 shares of the apparel and home fashions retailer’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Jackson Wealth Management LLC boosted its position in TJX Companies, Inc. (The) by 0.8% in the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock valued at $1,599,000 after buying an additional 171 shares in the last quarter. Weybosset Research & Management LLC boosted its position in TJX Companies, Inc. (The) by 1.0% in the first quarter. Weybosset Research & Management LLC now owns 77,865 shares of the apparel and home fashions retailer’s stock valued at $6,158,000 after buying an additional 770 shares in the last quarter. Waldron LP boosted its position in TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after buying an additional 2,792 shares in the last quarter. Trust Co. of Vermont boosted its position in TJX Companies, Inc. (The) by 2.0% in the first quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock valued at $3,076,000 after buying an additional 781 shares in the last quarter. Finally, Hartford Financial Management Inc. purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at about $250,000. 89.85% of the stock is owned by hedge funds and other institutional investors.

TJX Companies, Inc. (TJX) traded up 2.33% during mid-day trading on Tuesday, hitting $72.01. 1,955,302 shares of the stock traded hands. The stock has a 50 day moving average price of $70.27 and a 200 day moving average price of $75.23. TJX Companies, Inc. has a 12-month low of $66.65 and a 12-month high of $83.64. The firm has a market cap of $46.32 billion, a PE ratio of 20.45 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts expect that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a $0.3125 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.77%. TJX Companies, Inc. (The)’s payout ratio is currently 35.51%.

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Several research analysts recently issued reports on TJX shares. BidaskClub raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research lowered shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada restated an “outperform” rating and set a $79.00 target price (down from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Finally, Credit Suisse Group set a $72.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Four 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’s stock. The stock presently has an average rating of “Buy” and an average target price of $83.72.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the business’s 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 sale, the executive vice president now directly owns 86,243 shares in the company, valued at approximately $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 120,000 shares in the company, valued at $9,069,600. The disclosure for this sale can be found here. 0.23% 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 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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