Peddock Capital Advisors LLC boosted its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 251.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,110 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,510 shares during the quarter. Peddock Capital Advisors LLC’s holdings in TJX Companies, Inc. (The) were worth $152,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its stake in TJX Companies, Inc. (The) by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after purchasing an additional 664 shares during the last quarter. Israel Discount Bank of New York acquired a new position in TJX Companies, Inc. (The) during the 1st quarter valued at $130,000. Jacobi Capital Management LLC raised its stake in TJX Companies, Inc. (The) by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after purchasing an additional 200 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in TJX Companies, Inc. (The) by 6.2% during the 1st quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after purchasing an additional 108 shares during the last quarter. Finally, Oakworth Capital Inc. raised its stake in TJX Companies, Inc. (The) by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

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Shares of TJX Companies, Inc. (TJX) opened at 73.74 on Friday. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $80.92. The stock has a 50 day moving average of $71.50 and a 200 day moving average of $74.23. The company has a market cap of $46.92 billion, a price-to-earnings ratio of 20.87 and a beta of 0.76.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.70%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

TJX has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Wednesday, August 9th. BMO Capital Markets set a $85.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, July 17th. Royal Bank Of Canada set a $79.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, June 19th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $90.00 target price (down from $97.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Finally, Nomura set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $83.24.

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the transaction, 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 can be accessed through the SEC website. 0.23% of the stock is owned by 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.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

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