Berkshire Asset Management LLC PA maintained its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,352 shares of the apparel and home fashions retailer’s stock at the end of the second quarter. Berkshire Asset Management LLC PA’s holdings in TJX Companies, Inc. (The) were worth $314,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Charter Trust Co. acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $252,000. Quadrant Capital Group LLC boosted its stake in shares of TJX Companies, Inc. (The) by 5.2% in the first quarter. Quadrant Capital Group LLC now owns 2,788 shares of the apparel and home fashions retailer’s stock worth $211,000 after buying an additional 138 shares during the last quarter. Legacy Private Trust Co. boosted its stake in shares of TJX Companies, Inc. (The) by 20.0% in the first quarter. Legacy Private Trust Co. now owns 6,894 shares of the apparel and home fashions retailer’s stock worth $545,000 after buying an additional 1,148 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of TJX Companies, Inc. (The) by 2.9% in the first quarter. Bank of Montreal Can now owns 1,747,194 shares of the apparel and home fashions retailer’s stock worth $138,168,000 after buying an additional 49,980 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 0.3% in the first quarter. Ipswich Investment Management Co. Inc. now owns 30,270 shares of the apparel and home fashions retailer’s stock worth $2,394,000 after buying an additional 95 shares during the last quarter. Institutional investors own 89.85% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) traded down 1.42% during trading on Thursday, hitting $70.25. 1,608,303 shares of the stock were exchanged. The firm has a 50 day moving average of $69.96 and a 200-day moving average of $75.01. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $83.64. The stock has a market cap of $45.19 billion, a PE ratio of 19.95 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 the 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 firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

The business also recently announced 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 1.75%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.51%.

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A number of analysts recently commented on TJX shares. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Tuesday, April 25th. Morgan Stanley raised shares of TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 target price on the stock in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $79.00 target price (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Nomura reaffirmed a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Cowen and Company set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $83.78.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction 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 owns 86,243 shares in the company, valued at $6,537,219.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the executive vice president now owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently 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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