OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 48.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the apparel and home fashions retailer’s stock after buying an additional 3,900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in TJX Companies, Inc. (The) were worth $949,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TJX. BlackRock Inc. raised its stake in TJX Companies, Inc. (The) by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after buying an additional 39,763,685 shares during the last quarter. Wellington Management Group LLP raised its stake in TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after buying an additional 3,339,536 shares during the last quarter. Ameriprise Financial Inc. raised its stake in TJX Companies, Inc. (The) by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after buying an additional 3,275,506 shares during the last quarter. Fiduciary Management Inc. WI acquired a new stake in TJX Companies, Inc. (The) during the first quarter valued at approximately $225,702,000. Finally, Vanguard Group Inc. raised its stake in TJX Companies, Inc. (The) by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after buying an additional 2,336,495 shares during the last quarter. 89.85% of the stock is currently owned by institutional investors.

TJX Companies, Inc. (NYSE:TJX) traded up 1.260% on Friday, hitting $71.145. 2,025,364 shares of the company traded hands. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $83.64. The stock has a market cap of $45.77 billion, a PE ratio of 20.200 and a beta of 0.77. The stock’s 50-day moving average is $69.98 and its 200 day moving average is $74.97.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The company had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share. Equities research 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. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.78%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is 35.51%.

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TJX has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $79.00 price target (down from $82.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. BidaskClub raised shares of TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Nomura reissued a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Zacks Investment Research lowered shares of TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $83.78.

In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total transaction of $303,200.00. Following the sale, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the 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 sale, the executive vice president now directly 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 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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