Jennison Associates LLC lessened its holdings in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 32.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,022 shares of the apparel and home fashions retailer’s stock after selling 167,147 shares during the period. Jennison Associates LLC owned about 0.05% of TJX Companies, Inc. (The) worth $25,291,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TJX. TLP Group LLC purchased a new stake in shares of TJX Companies, Inc. (The) in the first quarter valued at approximately $372,000. Principal Financial Group Inc. boosted its holdings in shares of TJX Companies, Inc. (The) by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,302,011 shares of the apparel and home fashions retailer’s stock valued at $102,963,000 after purchasing an additional 7,211 shares during the period. Wellington Management Group LLP boosted its holdings in shares of TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after purchasing an additional 3,339,536 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of TJX Companies, Inc. (The) by 125.3% in the first quarter. Stratos Wealth Partners LTD. now owns 9,263 shares of the apparel and home fashions retailer’s stock valued at $733,000 after purchasing an additional 5,152 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in shares of TJX Companies, Inc. (The) by 1.7% in the first quarter. Teachers Advisors LLC now owns 1,306,099 shares of the apparel and home fashions retailer’s stock valued at $103,286,000 after purchasing an additional 22,334 shares during the period. Institutional investors and hedge funds own 89.51% of the company’s stock.

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction 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 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 legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders.

TJX Companies, Inc. (TJX) opened at $69.06 on Friday. The stock has a market capitalization of $43,928.37, a price-to-earnings ratio of 18.66, a PEG ratio of 1.65 and a beta of 0.72. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.48. TJX Companies, Inc. has a 12-month low of $66.44 and a 12-month high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings results on Monday, November 13th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies, Inc. (The) had a return on equity of 52.79% and a net margin of 7.01%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. equities research analysts anticipate that TJX Companies, Inc. will post 3.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is 33.78%.

A number of analysts recently issued reports on TJX shares. The Goldman Sachs Group, Inc. reiterated a “buy” rating and issued a $90.00 price target (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Instinet reiterated a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday, August 9th. Finally, Northcoast Research upgraded TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus target price of $81.50.

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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.

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

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