Genesee Valley Trust Co. raised its stake in The TJX Cos. (NYSE:TJX) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,290 shares of the apparel and home fashions retailer’s stock after buying an additional 2,364 shares during the period. The TJX Cos. makes up about 1.2% of Genesee Valley Trust Co.’s holdings, making the stock its 15th largest position. Genesee Valley Trust Co.’s holdings in The TJX Cos. were worth $1,799,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Canandaigua National Bank & Trust Co. boosted its stake in shares of The TJX Cos. by 1.0% in the second quarter. Canandaigua National Bank & Trust Co. now owns 19,529 shares of the apparel and home fashions retailer’s stock valued at $1,508,000 after buying an additional 195 shares during the last quarter. Seaward Management Limited Partnership boosted its stake in shares of The TJX Cos. by 9.5% in the second quarter. Seaward Management Limited Partnership now owns 332,062 shares of the apparel and home fashions retailer’s stock valued at $25,645,000 after buying an additional 28,740 shares during the last quarter. Strs Ohio boosted its stake in shares of The TJX Cos. by 75.3% in the second quarter. Strs Ohio now owns 1,168,157 shares of the apparel and home fashions retailer’s stock valued at $90,216,000 after buying an additional 501,794 shares during the last quarter. Rothschild Capital Partners LLC boosted its stake in shares of The TJX Cos. by 2,045.3% in the second quarter. Rothschild Capital Partners LLC now owns 75,001 shares of the apparel and home fashions retailer’s stock valued at $5,792,000 after buying an additional 71,505 shares during the last quarter. Finally, Douglas Lane & Associates LLC acquired a new stake in shares of The TJX Cos. during the second quarter valued at $218,000. 88.77% of the stock is owned by hedge funds and other institutional investors.

The TJX Cos. (NYSE:TJX) traded up 1.39% during trading on Wednesday, reaching $76.10. 2,458,825 shares of the company’s stock traded hands. The stock has a market cap of $49.97 billion, a P/E ratio of 22.10 and a beta of 0.58. The firm’s 50 day moving average price is $78.22 and its 200-day moving average price is $77.35. The TJX Cos. has a one year low of $63.53 and a one year high of $83.64.

The TJX Cos. (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The firm earned $7.88 billion during the quarter, compared to the consensus estimate of $7.85 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The TJX Cos.’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that The TJX Cos. will post $3.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 annualized dividend and a yield of 1.37%. The TJX Cos.’s dividend payout ratio (DPR) is 30.15%.

A number of equities research analysts recently commented on the stock. BMO Capital Markets reissued an “outperform” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Thursday, August 18th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Morgan Stanley reissued a “hold” rating and set a $77.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Nomura reissued a “buy” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Finally, Wedbush increased their target price on shares of The TJX Cos. from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The TJX Cos. currently has an average rating of “Buy” and an average price target of $83.36.

The TJX Cos. 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 are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

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