Chicago Equity Partners LLC reduced its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 23.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,535 shares of the apparel and home fashions retailer’s stock after selling 8,345 shares during the period. Chicago Equity Partners LLC’s holdings in TJX Companies, Inc. (The) were worth $1,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC grew its position in shares of 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 in the last quarter. Israel Discount Bank of New York purchased a new position in shares of TJX Companies, Inc. (The) during the 1st quarter valued at $130,000. Jacobi Capital Management LLC grew its position in shares of 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 in the last quarter. Mosaic Family Wealth LLC grew its position in shares of 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 in the last quarter. Finally, Oakworth Capital Inc. grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Several brokerages recently issued reports on TJX. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, July 18th. BMO Capital Markets set a $85.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $79.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $90.00 target price (down from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company 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 TJX Companies, Inc. (The) stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.

TJX Companies, Inc. (NYSE:TJX) opened at 72.45 on Friday. The stock’s 50 day moving average is $71.68 and its 200 day moving average is $74.08. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92. The company has a market capitalization of $46.10 billion, a P/E ratio of 20.51 and a beta of 0.76.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the company posted $0.84 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The firm also recently disclosed 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. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.73%. TJX Companies, Inc. (The)’s payout ratio is currently 35.41%.

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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.

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

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