Credit Suisse AG increased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 5.7% during the first quarter, Holdings Channel reports. The firm owned 1,608,016 shares of the apparel and home fashions retailer’s stock after buying an additional 86,179 shares during the period. Credit Suisse AG’s holdings in TJX Companies, Inc. (The) were worth $127,161,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new position in TJX Companies, Inc. (The) during the first quarter valued at approximately $248,000. Atria Investments LLC increased its position in TJX Companies, Inc. (The) by 111.8% in the first quarter. Atria Investments LLC now owns 6,991 shares of the apparel and home fashions retailer’s stock valued at $553,000 after buying an additional 3,691 shares during the period. Parametrica Management Ltd bought a new position in TJX Companies, Inc. (The) during the first quarter valued at approximately $280,000. Private Bank & Trust Co. increased its position in TJX Companies, Inc. (The) by 110.8% in the first quarter. Private Bank & Trust Co. now owns 8,172 shares of the apparel and home fashions retailer’s stock valued at $646,000 after buying an additional 4,295 shares during the period. Finally, Alpha Windward LLC increased its position in TJX Companies, Inc. (The) by 104.3% in the first quarter. Alpha Windward LLC now owns 2,615 shares of the apparel and home fashions retailer’s stock valued at $207,000 after buying an additional 1,335 shares during the period. Institutional investors and hedge funds own 89.85% of the company’s stock.

TJX Companies, Inc. (NYSE:TJX) traded down 1.31% during midday trading on Thursday, hitting $70.33. The stock had a trading volume of 976,003 shares. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $83.64. The stock has a market cap of $45.24 billion, a price-to-earnings ratio of 19.97 and a beta of 0.77. The company has a 50-day moving average of $69.96 and a 200-day moving average of $75.01.

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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The company had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the company earned $0.76 EPS. TJX Companies, Inc. (The)’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts forecast that TJX Companies, Inc. will post $3.89 EPS for the current year.

The company also recently declared 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. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.75%. 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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Several research firms recently commented on TJX. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Credit Suisse Group restated a “hold” rating and set a $79.00 target price on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. BMO Capital Markets restated a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Instinet restated a “buy” rating and set a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 target price on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $83.78.

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

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

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