Analyst IMS Investment Management Services Ltd. cut its position in TJX Companies, Inc. (The) (NYSE:TJX) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,402 shares of the apparel and home fashions retailer’s stock after selling 200 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in TJX Companies, Inc. (The) were worth $895,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its position in TJX Companies, Inc. (The) by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after purchasing an additional 664 shares during the period. Israel Discount Bank of New York bought a new position in TJX Companies, Inc. (The) during the first quarter worth $130,000. Jacobi Capital Management LLC boosted its position in TJX Companies, Inc. (The) by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 200 shares during the period. Mosaic Family Wealth LLC boosted its position in TJX Companies, Inc. (The) by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 134 shares during the period. Finally, Oakworth Capital Inc. boosted its position in TJX Companies, Inc. (The) by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after purchasing an additional 185 shares during the period. 89.15% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on TJX. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Northcoast Research raised shares of TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, September 7th. They noted that the move was a valuation call. MKM Partners reaffirmed a “buy” rating and set a $87.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Sanford C. Bernstein began coverage on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 price objective for the company. Finally, Royal Bank Of Canada set a $79.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 19th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $83.24.

TJX Companies, Inc. (NYSE TJX) opened at 73.74 on Friday. The firm has a market cap of $46.92 billion, a P/E ratio of 20.87 and a beta of 0.76. The company has a 50-day moving average price of $71.50 and a 200-day moving average price of $74.23. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its 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 return on equity of 52.87% and a net margin of 6.83%. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

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

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the firm’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 in the company, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

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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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