KCM Investment Advisors LLC lessened its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,620 shares of the apparel and home fashions retailer’s stock after selling 100 shares during the period. KCM Investment Advisors LLC’s holdings in TJX Companies, Inc. (The) were worth $478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Wealth Management LLC increased its position in TJX Companies, Inc. (The) by 0.8% in the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock worth $1,599,000 after purchasing an additional 171 shares during the last quarter. Waldron LP increased its position in TJX Companies, Inc. (The) by 96.7% in 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. JLB & Associates Inc. bought a new stake in TJX Companies, Inc. (The) in the second quarter worth $8,295,000. Vanguard Group Inc. increased its position in TJX Companies, Inc. (The) by 5.2% in the first 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 purchasing an additional 2,336,495 shares during the last quarter. Finally, Davis R M Inc. increased its position in TJX Companies, Inc. (The) by 0.7% in the second quarter. Davis R M Inc. now owns 382,610 shares of the apparel and home fashions retailer’s stock worth $27,613,000 after purchasing an additional 2,802 shares during the last quarter. Institutional investors own 89.13% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) opened at 73.81 on Friday. The stock has a market capitalization of $46.96 billion, a price-to-earnings ratio of 20.89 and a beta of 0.78. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92. The stock’s 50 day moving average is $72.67 and its 200-day moving average is $73.71.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. On average, analysts anticipate 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. Investors of record on Thursday, November 9th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

In related news, CEO Ernie Herrman sold 20,000 shares of the firm’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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.

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Several equities research analysts recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Jefferies Group LLC restated a “hold” rating and issued a $75.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, September 28th. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price target on shares of TJX Companies, Inc. (The) in a research report on Monday, September 18th. Northcoast Research upgraded shares of 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 report on Thursday, September 7th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein assumed coverage on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. TJX Companies, Inc. (The) has a consensus rating of “Buy” and an average target price of $83.15.

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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