Summit Global Investments raised its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 16.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,591 shares of the apparel and home fashions retailer’s stock after buying an additional 6,140 shares during the period. TJX Companies, Inc. (The) accounts for approximately 1.1% of Summit Global Investments’ investment portfolio, making the stock its 27th largest position. Summit Global Investments’ holdings in TJX Companies, Inc. (The) were worth $3,526,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of TJX Companies, Inc. (The) by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after buying an additional 2,336,495 shares in the last quarter. BlackRock Inc. increased its stake in shares of TJX Companies, Inc. (The) by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after buying an additional 39,763,685 shares in the last quarter. State Street Corp increased its stake in shares of TJX Companies, Inc. (The) by 6.6% in the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after buying an additional 1,773,046 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after buying an additional 3,339,536 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of TJX Companies, Inc. (The) by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after buying an additional 3,275,506 shares in the last quarter. 89.85% of the stock is currently owned by institutional investors.

Shares of TJX Companies, Inc. (TJX) traded up 1.15% on Friday, reaching $71.07. 4,933,347 shares of the company’s stock were exchanged. The company has a market cap of $45.72 billion, a price-to-earnings ratio of 20.18 and a beta of 0.77. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $83.64. The firm’s 50-day moving average price is $70.05 and its 200 day moving average price is $74.95.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The firm had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be given 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 equities research analysts have recently issued reports on TJX shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Morgan Stanley raised TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price target on the stock in a research report on Wednesday, May 17th. BidaskClub raised TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Credit Suisse Group reaffirmed a “hold” rating and issued a $79.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Four equities 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.78.

In other TJX Companies, Inc. (The) news, EVP Richard Sherr sold 1,179 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total transaction of $89,108.82. Following the transaction, the executive vice president now 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 the SEC website. Also, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the transaction, the executive vice president now owns 86,243 shares in the company, valued at approximately $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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