First Financial Equity Corporation purchased a new position in TJX Companies, Inc. (The) (NYSE:TJX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,327 shares of the apparel and home fashions retailer’s stock, valued at approximately $743,000.

A number of other institutional investors have also bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in 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 period. Israel Discount Bank of New York purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at $130,000. Mosaic Family Wealth LLC raised its position in 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 period. Howard Hughes Medical Institute purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at $171,000. Finally, SRS Capital Advisors Inc. raised its position in 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 period. 89.85% of the stock is owned by institutional investors.

Shares of TJX Companies, Inc. (NYSE:TJX) traded up 1.15% during mid-day trading on Friday, reaching $71.07. 4,933,347 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 stock has a market cap of $45.72 billion, a price-to-earnings ratio of 20.18 and a beta of 0.77. The stock has a 50 day moving average price of $70.05 and a 200 day moving average price of $74.95.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $7.78 billion for 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 company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. Equities research analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.76%. TJX Companies, Inc. (The)’s payout ratio is currently 35.51%.

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Several research firms have recently weighed in on TJX. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday. Credit Suisse Group reaffirmed a “neutral” rating and set a $72.00 target price (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 target price 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 target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, June 19th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock 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 firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the sale, the executive vice president now owns 86,243 shares in the company, valued at $6,537,219.40. The disclosure for this sale can be found here. Company 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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