Citizens Financial Group Inc. RI trimmed its stake in TJX Companies Inc (NYSE:TJX) by 12.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,379 shares of the apparel and home fashions retailer’s stock after selling 3,606 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in TJX Companies were worth $1,872,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its stake in shares of TJX Companies by 278.1% in the second quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after buying an additional 4,994,846 shares in the last quarter. Flossbach Von Storch AG lifted its stake in shares of TJX Companies by 265.0% in the second quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after buying an additional 3,014,430 shares in the last quarter. Boston Partners lifted its stake in shares of TJX Companies by 1,038.6% in the second quarter. Boston Partners now owns 3,067,319 shares of the apparel and home fashions retailer’s stock valued at $221,369,000 after buying an additional 2,797,917 shares in the last quarter. BlackRock Inc. lifted its stake in shares of TJX Companies by 4.8% in the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after buying an additional 1,996,874 shares in the last quarter. Finally, Fiduciary Management Inc. WI lifted its stake in shares of TJX Companies by 63.5% in the second quarter. Fiduciary Management Inc. WI now owns 4,667,352 shares of the apparel and home fashions retailer’s stock valued at $336,843,000 after buying an additional 1,813,259 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

TJX Companies Inc (TJX) traded down $1.40 on Wednesday, hitting $75.60. 6,820,400 shares of the company were exchanged, compared to its average volume of 4,213,672. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies Inc has a one year low of $66.44 and a one year high of $80.92. The company has a market capitalization of $48,687.30, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.85 and a beta of 0.75.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same period last year, the firm earned $0.91 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. analysts predict that TJX Companies Inc will post 3.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.65%. TJX Companies’s payout ratio is currently 33.78%.

A number of research analysts have weighed in on TJX shares. Buckingham Research reaffirmed a “buy” rating and issued a $85.00 price objective on shares of TJX Companies in a research note on Thursday, October 19th. Royal Bank Of Canada set a $70.00 price objective on shares of TJX Companies and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Northcoast Research raised shares of TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, October 10th. Finally, Sanford C. Bernstein started coverage on shares of TJX Companies in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. TJX Companies has a consensus rating of “Buy” and a consensus target price of $81.53.

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TJX Companies 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 (NYSE:TJX)

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