Wallington Asset Management LLC raised its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 121,531 shares of the apparel and home fashions retailer’s stock after buying an additional 2,424 shares during the period. TJX Companies, Inc. (The) comprises approximately 2.4% of Wallington Asset Management LLC’s portfolio, making the stock its 14th largest position. Wallington Asset Management LLC’s holdings in TJX Companies, Inc. (The) were worth $8,771,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Greenleaf Trust increased its stake in TJX Companies, Inc. (The) by 12.1% in the second quarter. Greenleaf Trust now owns 66,498 shares of the apparel and home fashions retailer’s stock valued at $4,799,000 after buying an additional 7,165 shares during the period. PGGM Investments increased its stake in TJX Companies, Inc. (The) by 93.2% in the second quarter. PGGM Investments now owns 850,008 shares of the apparel and home fashions retailer’s stock valued at $61,345,000 after buying an additional 410,089 shares during the period. Excalibur Management Corp acquired a new stake in TJX Companies, Inc. (The) during the second quarter valued at approximately $216,000. Rosenbaum Jay D. increased its stake in TJX Companies, Inc. (The) by 3.2% in the second quarter. Rosenbaum Jay D. now owns 17,140 shares of the apparel and home fashions retailer’s stock valued at $1,237,000 after buying an additional 525 shares during the period. Finally, Quantitative Systematic Strategies LLC increased its stake in TJX Companies, Inc. (The) by 148.5% in the second quarter. Quantitative Systematic Strategies LLC now owns 41,825 shares of the apparel and home fashions retailer’s stock valued at $2,997,000 after buying an additional 24,992 shares during the period. 89.85% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies, Inc. (TJX) traded up 1.388% during trading on Friday, reaching $71.235. 2,801,013 shares of the company’s stock were exchanged. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $83.64. The firm has a market capitalization of $45.82 billion, a price-to-earnings ratio of 20.226 and a beta of 0.77. The stock has a 50-day moving average price of $69.98 and a 200 day moving average price of $74.97.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 EPS. Equities research analysts forecast that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal 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 dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.51%.

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Several analysts have recently commented on the stock. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Wednesday. Credit Suisse Group reaffirmed a “neutral” rating and issued a $72.00 price objective (down from $79.00) on shares of TJX Companies, Inc. (The) in a report on Tuesday. BidaskClub raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets set a $85.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Royal Bank Of Canada set a $79.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, June 19th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. TJX Companies, Inc. (The) has an average rating of “Buy” and an average price target of $83.78.

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