ING Groep NV decreased its position in TJX Companies, Inc. (The) (NYSE:TJX) by 94.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,256 shares of the apparel and home fashions retailer’s stock after selling 50,623 shares during the period. ING Groep NV’s holdings in TJX Companies, Inc. (The) were worth $235,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 worth $3,303,255,000 after buying an additional 39,763,685 shares during the last quarter. Wellington Management Group LLP boosted its stake in 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 worth $1,637,238,000 after buying an additional 3,339,536 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in 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 worth $665,521,000 after buying an additional 3,275,506 shares during the last quarter. Fiduciary Management Inc. WI acquired a new stake in TJX Companies, Inc. (The) during the first quarter worth approximately $225,702,000. Finally, Vanguard Group Inc. boosted its stake in 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 worth $3,725,322,000 after buying an additional 2,336,495 shares during the last quarter. Institutional investors own 89.85% of the company’s stock.

TJX Companies, Inc. (NYSE TJX) traded up 1.15% on Friday, reaching $71.07. The company’s stock had a trading volume of 4,933,347 shares. The stock has a market cap of $45.72 billion, a P/E 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 has a 50-day moving average of $70.05 and a 200-day moving average of $74.95.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

The business also recently disclosed 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. This represents a $1.25 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.51%.

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A number of equities research analysts have recently commented on TJX shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $79.00 target price (down from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. BidaskClub upgraded TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Nomura reiterated a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Tuesday, July 18th. Four investment 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. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $83.78.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $89,108.82. Following the completion of the transaction, 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. 0.23% of the stock is 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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