Covington Capital Management raised its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 8.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 85,288 shares of the apparel and home fashions retailer’s stock after buying an additional 6,315 shares during the period. Covington Capital Management’s holdings in TJX Companies, Inc. (The) were worth $6,745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. TrimTabs Asset Management LLC boosted its position in shares of TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York acquired a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at about $130,000. Mosaic Family Wealth LLC boosted its position in shares of TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at about $171,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of TJX Companies, Inc. (The) by 14.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,201 shares of the apparel and home fashions retailer’s stock valued at $174,000 after buying an additional 276 shares during the last quarter. Institutional investors own 89.85% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) traded up 1.15% during trading on Friday, hitting $71.07. 4,933,347 shares of the company traded hands. The company has a 50-day moving average of $70.05 and a 200-day moving average of $74.95. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $83.64. The stock has a market capitalization of $45.72 billion, a PE ratio of 20.18 and a beta of 0.77.

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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. The firm 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 firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 earnings per share. Equities analysts expect that TJX Companies, Inc. will post $3.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Tuesday, August 8th. 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. 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. Royal Bank Of Canada set a $79.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, June 19th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Instinet reiterated a “buy” rating and set a $84.00 target price (down from $87.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Nomura reiterated a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Four research 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 stock. TJX Companies, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $83.78.

In related news, EVP Richard Sherr sold 1,179 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was 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 directly owns 120,000 shares of the company’s stock, valued at $9,069,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The disclosure for this sale can be found here. Corporate 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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