Pinnacle Associates Ltd. trimmed its position in TJX Companies, Inc. (The) (NYSE:TJX) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,148 shares of the apparel and home fashions retailer’s stock after selling 1,615 shares during the quarter. Pinnacle Associates Ltd.’s holdings in TJX Companies, Inc. (The) were worth $949,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cannell Peter B & Co. Inc. raised its holdings in shares of TJX Companies, Inc. (The) by 32.9% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 298,260 shares of the apparel and home fashions retailer’s stock worth $21,525,000 after purchasing an additional 73,760 shares during the period. Cipher Capital LP raised its holdings in shares of TJX Companies, Inc. (The) by 231.8% in the 2nd quarter. Cipher Capital LP now owns 129,988 shares of the apparel and home fashions retailer’s stock worth $9,381,000 after purchasing an additional 90,808 shares during the period. Delta Lloyd Asset Management N.V. purchased a new position in shares of TJX Companies, Inc. (The) in the 2nd quarter worth about $6,818,000. Swiss National Bank raised its holdings in shares of TJX Companies, Inc. (The) by 2.6% in the 2nd quarter. Swiss National Bank now owns 2,964,521 shares of the apparel and home fashions retailer’s stock worth $213,949,000 after purchasing an additional 74,500 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in shares of TJX Companies, Inc. (The) by 7.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 9,032 shares of the apparel and home fashions retailer’s stock worth $652,000 after purchasing an additional 663 shares during the period. Institutional investors own 89.13% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE:TJX) opened at 72.45 on Monday. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $80.92. The stock has a market capitalization of $46.10 billion, a P/E ratio of 20.51 and a beta of 0.76. The firm’s 50-day moving average price is $71.68 and its 200 day moving average price is $74.08.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share 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 analysts’ expectations of $8.29 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.73%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is 35.41%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on 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 approximately $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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A number of equities analysts have recently commented on the company. Jefferies Group LLC set a $75.00 price objective on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Wednesday, August 9th. Nomura set a $80.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Instinet reiterated a “buy” rating and set a $80.00 target price (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Finally, 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 report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and an average price target of $83.24.

About TJX Companies, Inc. (The)

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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