Ameriprise Financial Inc. boosted its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 63.7% during the first quarter, Holdings Channel reports. The fund owned 8,416,295 shares of the apparel and home fashions retailer’s stock after buying an additional 3,275,506 shares during the period. Ameriprise Financial Inc.’s holdings in TJX Companies, Inc. (The) were worth $665,521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ETRADE Capital Management LLC bought a new stake in TJX Companies, Inc. (The) during the third quarter valued at about $203,000. Commerzbank Aktiengesellschaft FI raised its stake in TJX Companies, Inc. (The) by 61.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,472 shares of the apparel and home fashions retailer’s stock valued at $787,000 after buying an additional 3,998 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in TJX Companies, Inc. (The) by 3.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 13,204 shares of the apparel and home fashions retailer’s stock valued at $992,000 after buying an additional 380 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in TJX Companies, Inc. (The) by 4.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 45,740 shares of the apparel and home fashions retailer’s stock valued at $3,436,000 after buying an additional 2,050 shares in the last quarter. Finally, Syntal Capital Partners LLC bought a new stake in TJX Companies, Inc. (The) during the fourth quarter valued at about $278,000. Institutional investors and hedge funds own 89.75% of the company’s stock.

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

TJX Companies, Inc. (NYSE:TJX) opened at 72.44 on Friday. The company has a market capitalization of $46.60 billion, a P/E ratio of 20.57 and a beta of 0.76. The company’s 50-day moving average is $75.78 and its 200 day moving average is $76.80. TJX Companies, Inc. has a one year low of $71.40 and a one year high of $83.64.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The business had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. TJX Companies, Inc. (The)’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 earnings per share. Analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.73%. TJX Companies, Inc. (The)’s payout ratio is 35.51%.

ILLEGAL ACTIVITY WARNING: This news story was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.watchlistnews.com/ameriprise-financial-inc-increases-position-in-tjx-companies-inc-the-tjx-2/1371841.html.

TJX has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, February 27th. Royal Bank Of Canada set a $82.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Goldman Sachs Group, Inc. (The) upgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “conviction-buy” rating and set a $97.00 price target on the stock in a research report on Thursday, March 16th. Wedbush restated an “outperform” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, February 22nd. Finally, Jefferies Group LLC set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus price target of $85.17.

In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.80, for a total transaction of $303,200.00. Following the sale, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Sherr sold 1,179 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the sale, the executive vice president now owns 120,000 shares in the company, valued at $9,069,600. The disclosure for this sale can be found here. Insiders have sold 40,750 shares of company stock worth $3,156,056 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies, Inc. (The) (NYSE:TJX).

Receive News & Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.