Bronfman E.L. Rothschild L.P. trimmed its holdings in shares of TJX Companies Inc (NYSE:TJX) by 9.0% in the second quarter, Holdings Channel reports. The institutional investor owned 10,986 shares of the apparel and home fashions retailer’s stock after selling 1,084 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in TJX Companies were worth $1,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Fort Washington Investment Advisors Inc. OH increased its stake in TJX Companies by 0.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 480,647 shares of the apparel and home fashions retailer’s stock valued at $39,202,000 after purchasing an additional 2,149 shares in the last quarter. HL Financial Services LLC increased its stake in TJX Companies by 2.1% in the first quarter. HL Financial Services LLC now owns 1,239,640 shares of the apparel and home fashions retailer’s stock valued at $101,105,000 after purchasing an additional 24,993 shares in the last quarter. FDx Advisors Inc. increased its stake in TJX Companies by 11.5% in the first quarter. FDx Advisors Inc. now owns 64,930 shares of the apparel and home fashions retailer’s stock valued at $5,296,000 after purchasing an additional 6,720 shares in the last quarter. Howland Capital Management LLC increased its stake in TJX Companies by 0.6% in the first quarter. Howland Capital Management LLC now owns 214,913 shares of the apparel and home fashions retailer’s stock valued at $17,528,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in TJX Companies by 18.1% in the first quarter. Daiwa Securities Group Inc. now owns 27,700 shares of the apparel and home fashions retailer’s stock valued at $2,259,000 after purchasing an additional 4,237 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Richard Sherr sold 2,220 shares of the stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $88.03, for a total transaction of $195,426.60. Following the completion of the transaction, the executive vice president now owns 90,495 shares in the company, valued at $7,966,274.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $88.05, for a total transaction of $44,025.00. Following the transaction, the director now owns 15,498 shares of the company’s stock, valued at approximately $1,364,598.90. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

Several equities research analysts have commented on TJX shares. ValuEngine raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Nomura upped their target price on shares of TJX Companies from $97.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, June 4th. Deutsche Bank started coverage on shares of TJX Companies in a research note on Monday, April 30th. They issued a “buy” rating and a $98.00 target price for the company. Buckingham Research upped their target price on shares of TJX Companies from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, May 23rd. Finally, MKM Partners set a $99.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, May 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $94.08.

Shares of TJX stock opened at $101.65 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.69 and a debt-to-equity ratio of 0.42. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $101.80. The firm has a market cap of $62.96 billion, a PE ratio of 25.16, a P/E/G ratio of 1.96 and a beta of 0.66.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.11. TJX Companies had a net margin of 7.58% and a return on equity of 56.91%. The company had revenue of $8.67 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. research analysts anticipate that TJX Companies Inc will post 4.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, August 15th. TJX Companies’s dividend payout ratio is 38.61%.

TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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