Bainco International Investors cut its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 9.8% during the first quarter, Holdings Channel reports. The firm owned 153,195 shares of the apparel and home fashions retailer’s stock after selling 16,665 shares during the period. TJX Companies, Inc. (The) comprises approximately 1.7% of Bainco International Investors’ holdings, making the stock its 15th largest position. Bainco International Investors’ holdings in TJX Companies, Inc. (The) were worth $12,115,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TJX. Oliver Luxxe Assets LLC boosted its position in TJX Companies, Inc. (The) by 3.0% in the first quarter. Oliver Luxxe Assets LLC now owns 17,544 shares of the apparel and home fashions retailer’s stock valued at $1,387,000 after buying an additional 508 shares during the period. Norway Savings Bank boosted its position in TJX Companies, Inc. (The) by 3.4% in the first quarter. Norway Savings Bank now owns 10,367 shares of the apparel and home fashions retailer’s stock valued at $819,000 after buying an additional 340 shares during the period. Tompkins Financial Corp boosted its position in TJX Companies, Inc. (The) by 1.6% in the first quarter. Tompkins Financial Corp now owns 31,901 shares of the apparel and home fashions retailer’s stock valued at $2,499,000 after buying an additional 504 shares during the period. Fox Run Management L.L.C. purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at approximately $377,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at approximately $248,000. 89.85% of the stock is owned by hedge funds and other institutional investors.

TJX Companies, Inc. (NYSE TJX) traded up 1.15% during midday trading on Friday, reaching $71.07. The company had a trading volume of 4,933,347 shares. The company has a market capitalization of $45.72 billion, a PE ratio of 20.18 and a beta of 0.77. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $83.64. The stock’s 50 day moving average is $70.05 and its 200 day moving average is $74.95.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The firm 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 company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Equities research analysts forecast 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. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.3125 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.76%. TJX Companies, Inc. (The)’s payout ratio is presently 35.51%.

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Several research firms have commented on TJX. Zacks Investment Research cut TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Credit Suisse Group reaffirmed a “hold” rating and issued a $79.00 price target 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. Instinet reaffirmed a “buy” rating and issued a $84.00 price target (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, May 16th. Four equities 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 stock. TJX Companies, Inc. (The) has a consensus rating of “Buy” and an average price target of $83.78.

In other TJX Companies, Inc. (The) 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 transaction of $303,200.00. Following the sale, the executive vice president now owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the executive vice president now directly owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

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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