Bank of New York Mellon Corp trimmed its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,599,962 shares of the apparel and home fashions retailer’s stock after selling 430,595 shares during the period. Bank of New York Mellon Corp owned 2.92% of TJX Companies, Inc. (The) worth $1,371,375,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Scotia Capital Inc. raised its position in shares of TJX Companies, Inc. (The) by 9.4% in the second quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock valued at $3,926,000 after buying an additional 4,661 shares in the last quarter. Northern Capital Management LLC raised its position in shares of TJX Companies, Inc. (The) by 34.5% in the third quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock valued at $3,950,000 after buying an additional 13,750 shares in the last quarter. Tillar Wenstrup Advisors LLC acquired a new stake in shares of TJX Companies, Inc. (The) in the third quarter valued at approximately $2,083,000. Gofen & Glossberg LLC IL raised its position in shares of TJX Companies, Inc. (The) by 7.9% in the second quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock valued at $2,781,000 after buying an additional 2,835 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its position in TJX Companies, Inc. (The) by 100.0% during the third quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock valued at $2,571,000 after purchasing an additional 17,436 shares in the last quarter. Institutional investors own 89.51% of the company’s stock.

TJX has been the subject of several research analyst reports. BidaskClub downgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Credit Suisse Group set a $72.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of 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. Royal Bank Of Canada lowered their price target on shares of TJX Companies, Inc. (The) from $79.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $90.00 price target (down from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $81.64.

TJX Companies, Inc. (NYSE TJX) traded up $0.15 during mid-day trading on Thursday, hitting $69.19. 547,821 shares of the stock were exchanged, compared to its average volume of 4,149,743. The company has a market cap of $43,228.47, a PE ratio of 18.36, a PEG ratio of 1.61 and a beta of 0.72. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.49. TJX Companies, Inc. has a one year low of $66.44 and a one year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Monday, November 13th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. TJX Companies, Inc. (The) had a net margin of 7.01% and a return on equity of 53.11%. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. research analysts forecast that TJX Companies, Inc. will post 3.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors 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 dividend on an annualized basis and a dividend yield of 1.81%. TJX Companies, Inc. (The)’s dividend payout ratio is presently 33.78%.

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In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the sale, the chief executive officer now owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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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