Southeast Asset Advisors Inc. continued to hold its stake in TJX Companies, Inc. (The) (NYSE:TJX) during the first quarter, Holdings Channel reports. The institutional investor owned 4,800 shares of the apparel and home fashions retailer’s stock at the end of the first quarter. Southeast Asset Advisors Inc.’s holdings in TJX Companies, Inc. (The) were worth $380,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake in TJX Companies, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock valued at $199,000 after buying an additional 16 shares in the last quarter. WMS Partners LLC increased its stake in TJX Companies, Inc. (The) by 0.3% in the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock valued at $832,000 after buying an additional 33 shares in the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA increased its stake in TJX Companies, Inc. (The) by 0.4% in the first quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 10,752 shares of the apparel and home fashions retailer’s stock valued at $850,000 after buying an additional 40 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in TJX Companies, Inc. (The) by 0.3% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 15,139 shares of the apparel and home fashions retailer’s stock valued at $1,197,000 after buying an additional 50 shares in the last quarter. Finally, Concert Wealth Management Inc. increased its stake in TJX Companies, Inc. (The) by 0.5% in the first quarter. Concert Wealth Management Inc. now owns 11,322 shares of the apparel and home fashions retailer’s stock valued at $853,000 after buying an additional 55 shares in the last quarter. Institutional investors own 89.85% of the company’s stock.

TJX Companies, Inc. (TJX) traded down 1.15% during mid-day trading on Wednesday, reaching $70.68. 1,119,459 shares of the company traded hands. The company has a market capitalization of $45.47 billion, a P/E ratio of 20.07 and a beta of 0.77. TJX Companies, Inc. has a 52-week low of $66.65 and a 52-week high of $83.64. 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. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. TJX Companies, Inc. (The)’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.76 earnings per share. Analysts expect that TJX Companies, Inc. will post $3.89 EPS for the current fiscal 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 paid a $0.3125 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.75%. TJX Companies, Inc. (The)’s payout ratio is 35.51%.

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Several equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $79.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, June 19th. BidaskClub downgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Credit Suisse Group restated a “neutral” rating and issued a $72.00 target price (down from $79.00) on shares of TJX Companies, Inc. (The) in a research note on Tuesday. Morgan Stanley upgraded shares of TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 target price for the company in a research note on Wednesday, May 17th. Finally, 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. 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. The stock currently has an average rating of “Buy” and a consensus target price of $83.72.

In other news, 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 value of $89,108.82. Following the sale, the executive vice president now owns 120,000 shares in the company, valued at $9,069,600. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the executive vice president now owns 86,243 shares in the company, valued at approximately $6,537,219.40. The disclosure for this sale can be found here. Company 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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