Investec Asset Management LTD increased its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 83.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,138 shares of the apparel and home fashions retailer’s stock after buying an additional 50,560 shares during the quarter. Investec Asset Management LTD’s holdings in TJX Companies, Inc. (The) were worth $8,021,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in TJX Companies, Inc. (The) by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock worth $3,725,322,000 after buying an additional 2,336,495 shares during the period. BlackRock Inc. raised its stake in TJX Companies, Inc. (The) by 4.8% during the 2nd quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after buying an additional 1,996,874 shares during the period. State Street Corp raised its stake in TJX Companies, Inc. (The) by 6.6% during the 1st quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock worth $2,277,402,000 after buying an additional 1,773,046 shares during the period. Wellington Management Group LLP raised its stake in TJX Companies, Inc. (The) by 19.2% during the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after buying an additional 3,339,536 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in TJX Companies, Inc. (The) by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after buying an additional 51,364 shares during the period. 89.13% of the stock is currently owned by institutional investors and hedge funds.

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TJX Companies, Inc. (NYSE:TJX) opened at 73.60 on Friday. The stock has a market cap of $46.83 billion, a P/E ratio of 20.83 and a beta of 0.78. The stock has a 50 day moving average price of $72.77 and a 200 day moving average price of $73.68. 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 posted its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period in the prior year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share 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. This represents a $1.25 dividend on an annualized basis and a 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 analysts recently weighed in on TJX shares. Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Tuesday, July 18th. BidaskClub raised TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Northcoast Research raised TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Monday, September 18th. Finally, Sanford C. Bernstein began coverage on TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. TJX Companies, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $83.15.

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

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.

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

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