Lowe Brockenbrough & Co. Inc. increased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 5.9% during the first quarter, Holdings Channel reports. The institutional investor owned 49,232 shares of the apparel and home fashions retailer’s stock after buying an additional 2,755 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in TJX Companies, Inc. (The) were worth $3,893,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of TJX. Kimelman & Baird LLC bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at approximately $13,166,000. Meridian Wealth Management LLC bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at approximately $884,000. Summit Global Investments boosted its stake in TJX Companies, Inc. (The) by 16.0% in the first quarter. Summit Global Investments now owns 44,591 shares of the apparel and home fashions retailer’s stock valued at $3,526,000 after buying an additional 6,140 shares in the last quarter. Bragg Financial Advisors Inc boosted its stake in TJX Companies, Inc. (The) by 2.3% in the first quarter. Bragg Financial Advisors Inc now owns 75,528 shares of the apparel and home fashions retailer’s stock valued at $5,973,000 after buying an additional 1,710 shares in the last quarter. Finally, Bfsg LLC bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at approximately $3,820,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

TJX Companies, Inc. (NYSE:TJX) traded down 0.56% on Monday, hitting $70.67. The stock had a trading volume of 1,623,367 shares. TJX Companies, Inc. has a one year low of $66.65 and a one year high of $83.64. The company’s 50-day moving average price is $70.05 and its 200 day moving average price is $74.95. The firm has a market cap of $45.46 billion, a price-to-earnings ratio of 20.07 and a beta of 0.77.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.51%.

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Several equities research analysts recently commented on the company. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday, August 9th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $72.00 price target (down previously from $79.00) on shares of TJX Companies, Inc. (The) in a report on Tuesday, August 8th. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BMO Capital Markets set a $85.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Royal Bank Of Canada set a $79.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, June 19th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company 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 stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the transaction, the executive vice president now owns 120,000 shares of the company’s stock, 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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