Destination Wealth Management raised its holdings in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 2.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,082 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,876 shares during the period. Destination Wealth Management’s holdings in TJX Companies, Inc. (The) were worth $11,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Waldron LP grew its holdings in shares of TJX Companies, Inc. (The) by 96.7% during the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after buying an additional 2,792 shares during the last quarter. Flossbach Von Storch AG grew its holdings in shares of TJX Companies, Inc. (The) by 5.8% during the first quarter. Flossbach Von Storch AG now owns 1,137,590 shares of the apparel and home fashions retailer’s stock valued at $89,961,000 after buying an additional 62,550 shares during the last quarter. World Asset Management Inc grew its holdings in shares of TJX Companies, Inc. (The) by 18.9% during the first quarter. World Asset Management Inc now owns 73,900 shares of the apparel and home fashions retailer’s stock valued at $5,844,000 after buying an additional 11,753 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter valued at approximately $1,461,000. Finally, BARING ASSET MANAGEMENT Ltd grew its holdings in shares of TJX Companies, Inc. (The) by 189.3% during the first quarter. BARING ASSET MANAGEMENT Ltd now owns 21,003 shares of the apparel and home fashions retailer’s stock valued at $1,661,000 after buying an additional 13,743 shares during the last quarter. 89.13% of the stock is owned by institutional investors and hedge funds.

TJX Companies, Inc. (NYSE:TJX) opened at 73.60 on Friday. The company has a market capitalization of $46.83 billion, a P/E ratio of 20.83 and a beta of 0.78. The firm has a 50-day moving average of $72.77 and a 200 day moving average of $73.68. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $80.92.

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

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

A number of research firms have recently commented on TJX. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Tuesday, July 18th. BMO Capital Markets set a $85.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, July 17th. Royal Bank Of Canada set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, June 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $90.00 price target (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. TJX Companies, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $83.15.

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In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is owned by corporate 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.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

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