Penobscot Investment Management Company Inc. raised its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,530 shares of the apparel and home fashions retailer’s stock after buying an additional 580 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in TJX Companies, Inc. (The) were worth $2,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in TJX Companies, Inc. (The) by 5.2% during the 1st 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 acquiring an additional 2,336,495 shares in the last quarter. BlackRock Inc. lifted its stake in 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 worth $3,303,255,000 after acquiring an additional 39,763,685 shares in the last quarter. State Street Corp lifted its stake in TJX Companies, Inc. (The) by 6.6% during the 1st quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock worth $2,277,402,000 after acquiring an additional 1,773,046 shares in the last quarter. Wellington Management Group LLP lifted its stake in 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 worth $1,637,238,000 after acquiring an additional 3,339,536 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in 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 worth $665,521,000 after acquiring an additional 3,275,506 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the sale, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

TJX Companies, Inc. (NYSE TJX) opened at 73.49 on Thursday. The firm has a market capitalization of $46.76 billion, a PE ratio of 20.80 and a beta of 0.76. The company’s 50-day moving average price is $71.11 and its 200 day moving average price is $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 issued its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

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TJX has been the topic of several research reports. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $79.00 price target (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. 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. Credit Suisse Group set a $72.00 target price on TJX Companies, Inc. (The) and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $75.00 target price on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $83.24.

TJX Companies, Inc. (The) Company 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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