Bruderman Asset Management LLC increased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,279 shares of the apparel and home fashions retailer’s stock after purchasing an additional 477 shares during the period. Bruderman Asset Management LLC’s holdings in TJX Companies, Inc. (The) were worth $1,391,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bahl & Gaynor Inc. raised its holdings in shares of TJX Companies, Inc. (The) by 17.2% during the second quarter. Bahl & Gaynor Inc. now owns 493,351 shares of the apparel and home fashions retailer’s stock valued at $37,066,000 after purchasing an additional 72,575 shares during the last quarter. Comerica Securities Inc. increased its holdings in TJX Companies, Inc. (The) by 6.7% during the second quarter. Comerica Securities Inc. now owns 20,259 shares of the apparel and home fashions retailer’s stock valued at $1,462,000 after buying an additional 1,271 shares during the last quarter. Rock Point Advisors LLC increased its holdings in TJX Companies, Inc. (The) by 8.8% during the second quarter. Rock Point Advisors LLC now owns 117,768 shares of the apparel and home fashions retailer’s stock valued at $8,499,000 after buying an additional 9,544 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in TJX Companies, Inc. (The) by 58.7% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 5,406 shares of the apparel and home fashions retailer’s stock valued at $390,000 after buying an additional 1,999 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in TJX Companies, Inc. (The) during the second quarter valued at approximately $328,000. 89.13% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/bruderman-asset-management-llc-grows-stake-in-tjx-companies-inc-the-tjx/1611881.html.

A number of analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 target price on shares of TJX Companies, Inc. (The) in a report on Monday, September 18th. Sanford C. Bernstein assumed coverage on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 target price for the company. MKM Partners reaffirmed a “buy” rating and set a $87.00 target price on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $83.15.

Shares of TJX Companies, Inc. (TJX) opened at 73.81 on Friday. The stock has a 50 day moving average of $72.67 and a 200 day moving average of $73.71. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92. The stock has a market cap of $46.96 billion, a P/E ratio of 20.89 and a beta of 0.78.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. On average, analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The business also recently disclosed 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 is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.69%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.41%.

In related news, CEO Ernie Herrman sold 20,000 shares of the business’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 directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

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).

Institutional Ownership by Quarter 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.