Forbes J M & Co. LLP reduced its holdings in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,975 shares of the apparel and home fashions retailer’s stock after selling 710 shares during the quarter. TJX Companies, Inc. (The) accounts for about 2.3% of Forbes J M & Co. LLP’s holdings, making the stock its 19th biggest position. Forbes J M & Co. LLP’s holdings in TJX Companies, Inc. (The) were worth $9,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TJX. Waldron LP boosted its holdings in 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 worth $449,000 after purchasing an additional 2,792 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in TJX Companies, Inc. (The) by 67.6% during the first quarter. LS Investment Advisors LLC now owns 31,883 shares of the apparel and home fashions retailer’s stock worth $2,521,000 after purchasing an additional 12,855 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in TJX Companies, Inc. (The) by 0.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 131,290 shares of the apparel and home fashions retailer’s stock worth $10,382,000 after purchasing an additional 871 shares during the last quarter. Swiss National Bank boosted its holdings in TJX Companies, Inc. (The) by 20.8% during the first quarter. Swiss National Bank now owns 2,890,021 shares of the apparel and home fashions retailer’s stock worth $228,543,000 after purchasing an additional 498,100 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its holdings in 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 worth $89,961,000 after purchasing an additional 62,550 shares during the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

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

Several research analysts recently weighed in on the stock. BidaskClub cut shares of TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Royal Bank Of Canada set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, June 19th. Instinet restated a “buy” rating and set a $80.00 price target (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. MKM Partners restated a “buy” rating and set a $87.00 price target on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Finally, BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $83.15.

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Shares of TJX Companies, Inc. (TJX) opened at 73.81 on Friday. The company has a market cap of $46.96 billion, a price-to-earnings ratio of 20.89 and a beta of 0.78. The company’s 50-day moving average is $72.67 and its 200-day moving average is $73.71. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $80.92.

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 for the quarter, beating the consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research 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, November 30th. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

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.

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

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