HighTower Advisors LLC increased its position in TJX Companies, Inc. (The) (NYSE:TJX) by 24.4% during the first quarter, Holdings Channel reports. The firm owned 88,818 shares of the apparel and home fashions retailer’s stock after buying an additional 17,435 shares during the period. HighTower Advisors LLC’s holdings in TJX Companies, Inc. (The) were worth $7,028,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TJX. TrimTabs Asset Management LLC increased its position in shares of TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares during the period. Israel Discount Bank of New York bought a new position in shares of TJX Companies, Inc. (The) during the first quarter worth about $130,000. Mosaic Family Wealth LLC increased its position in shares of TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock worth $147,000 after buying an additional 108 shares during the period. Howard Hughes Medical Institute bought a new position in shares of TJX Companies, Inc. (The) during the first quarter worth about $171,000. Finally, SRS Capital Advisors Inc. increased its position in shares of TJX Companies, Inc. (The) by 14.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,201 shares of the apparel and home fashions retailer’s stock worth $174,000 after buying an additional 276 shares during the period. Institutional investors own 89.85% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) traded up 1.260% during midday trading on Friday, reaching $71.145. The company’s stock had a trading volume of 2,025,364 shares. The stock has a market cap of $45.77 billion, a price-to-earnings ratio of 20.200 and a beta of 0.77. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $83.64. The stock has a 50-day moving average price of $69.98 and a 200-day moving average price of $74.97.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The business had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the business posted $0.76 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be paid a $0.3125 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.78%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.51%.

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A number of brokerages have recently issued reports on TJX. BidaskClub upgraded TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada restated an “outperform” rating and set a $79.00 price objective (down from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price objective on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. BMO Capital Markets set a $85.00 price objective on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $83.78.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at approximately $6,537,219.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Richard Sherr sold 1,179 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the transaction, the executive vice president now owns 120,000 shares in the company, valued at $9,069,600. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

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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