Colony Group LLC increased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 13.7% during the first quarter, Holdings Channel reports. The firm owned 9,871 shares of the apparel and home fashions retailer’s stock after buying an additional 1,190 shares during the period. Colony Group LLC’s holdings in TJX Companies, Inc. (The) were worth $781,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of TJX Companies, Inc. (The) by 48.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 12,000 shares of the apparel and home fashions retailer’s stock valued at $949,000 after buying an additional 3,900 shares during the period. HighTower Advisors LLC raised its stake in shares of TJX Companies, Inc. (The) by 24.4% in the first quarter. HighTower Advisors LLC now owns 88,818 shares of the apparel and home fashions retailer’s stock valued at $7,028,000 after buying an additional 17,435 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of TJX Companies, Inc. (The) during the first quarter valued at about $382,000. Credit Suisse AG raised its stake in shares of TJX Companies, Inc. (The) by 5.7% in the first quarter. Credit Suisse AG now owns 1,608,016 shares of the apparel and home fashions retailer’s stock valued at $127,161,000 after buying an additional 86,179 shares during the period. Finally, Valinor Management L.P. raised its stake in shares of TJX Companies, Inc. (The) by 14.4% in the first quarter. Valinor Management L.P. now owns 1,126,528 shares of the apparel and home fashions retailer’s stock valued at $89,086,000 after buying an additional 141,700 shares during the period. Hedge funds and other 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. The stock had a trading volume of 4,933,347 shares. The stock’s 50-day moving average price is $70.05 and its 200-day moving average price is $74.95. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $83.64. The company has a market cap of $45.72 billion, a P/E ratio of 20.18 and a beta of 0.77.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The business had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be paid a $0.3125 dividend. 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 dividend payout ratio (DPR) is currently 35.51%.

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Several analysts recently issued reports on the stock. Zacks Investment Research upgraded 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 restated 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 upgraded 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 equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.78.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the sale, the executive vice president now owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard Sherr sold 1,179 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the sale, the executive vice president now owns 120,000 shares of the company’s stock, valued at approximately $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

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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