KBC Group NV increased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 312,763 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,037 shares during the quarter. KBC Group NV’s holdings in TJX Companies, Inc. (The) were worth $22,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. BlackRock Inc. increased its position in shares of TJX Companies, Inc. (The) by 1,980.9% during the 1st 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 purchasing an additional 39,763,685 shares during the last quarter. Wellington Management Group LLP increased its position in shares of TJX Companies, Inc. (The) by 19.2% during the 1st 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 purchasing an additional 3,339,536 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of TJX Companies, Inc. (The) by 63.7% during the 1st 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 purchasing an additional 3,275,506 shares during the last quarter. Flossbach Von Storch AG increased its position in shares of TJX Companies, Inc. (The) by 265.0% during the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after purchasing an additional 3,014,430 shares during the last quarter. Finally, Fiduciary Management Inc. WI bought a new position in shares of TJX Companies, Inc. (The) during the 1st quarter valued at approximately $225,702,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

TJX has been the topic of several analyst reports. Zacks Investment Research raised 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 report on Tuesday, July 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $79.00 target price (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. BMO Capital Markets reissued a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. BidaskClub raised TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Nomura reissued a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $83.24.

Shares of TJX Companies, Inc. (NYSE:TJX) opened at 73.49 on Thursday. The stock has a market capitalization of $46.76 billion, a PE ratio of 20.80 and a beta of 0.76. The firm has a 50 day moving average price of $71.11 and a 200 day moving average price of $74.28. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. Analysts predict that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

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In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the sale, the chief executive officer now owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

TJX Companies, Inc. (The) Profile

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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