Coastline Trust Co lifted its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 56.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,750 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,805 shares during the period. Coastline Trust Co’s holdings in TJX Companies, Inc. (The) were worth $559,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Oak Ridge Investments LLC grew its position in shares of TJX Companies, Inc. (The) by 8.2% during the second quarter. Oak Ridge Investments LLC now owns 21,808 shares of the apparel and home fashions retailer’s stock worth $1,574,000 after acquiring an additional 1,646 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of TJX Companies, Inc. (The) by 3.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,349 shares of the apparel and home fashions retailer’s stock worth $1,107,000 after acquiring an additional 510 shares during the period. Financial Counselors Inc. lifted its position in TJX Companies, Inc. (The) by 1.7% in the 2nd quarter. Financial Counselors Inc. now owns 87,264 shares of the apparel and home fashions retailer’s stock valued at $6,298,000 after purchasing an additional 1,458 shares during the last quarter. Baillie Gifford & Co. lifted its position in TJX Companies, Inc. (The) by 3.3% in the 2nd quarter. Baillie Gifford & Co. now owns 353,695 shares of the apparel and home fashions retailer’s stock valued at $25,527,000 after purchasing an additional 11,325 shares during the last quarter. Finally, Jackson Wealth Management LLC lifted its position in TJX Companies, Inc. (The) by 13.6% in the 2nd quarter. Jackson Wealth Management LLC now owns 23,873 shares of the apparel and home fashions retailer’s stock valued at $1,688,000 after purchasing an additional 2,855 shares during the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.

Several research firms have commented on TJX. BMO Capital Markets restated a “buy” rating and issued a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price target 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 price target on shares of TJX Companies, Inc. (The) in a report on Monday, September 18th. Northcoast Research upgraded TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, September 7th. They noted that the move was a valuation call. Finally, MKM Partners reiterated a “buy” rating and set a $87.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $83.15.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 73.40 on Tuesday. The company’s 50-day moving average is $72.39 and its 200 day moving average is $73.75. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92. The firm has a market capitalization of $46.70 billion, a price-to-earnings ratio of 20.78 and a beta of 0.78.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a $0.3125 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.70%. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the sale, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by company insiders.

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About TJX Companies, Inc. (The)

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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