Northstar Wealth Partners LLC lessened its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 42.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,821 shares of the apparel and home fashions retailer’s stock after selling 2,053 shares during the period. Northstar Wealth Partners LLC’s holdings in TJX Companies, Inc. (The) were worth $206,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of TJX Companies, Inc. (The) by 1,980.9% during the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after buying an additional 39,763,685 shares during the period. Alliancebernstein L.P. raised its stake in shares of TJX Companies, Inc. (The) by 278.1% during the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after buying an additional 4,994,846 shares during the period. Wellington Management Group LLP raised its stake in shares of 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. Flossbach Von Storch AG raised its stake in shares of TJX Companies, Inc. (The) by 265.0% during the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock worth $299,651,000 after buying an additional 3,014,430 shares during the period. Finally, Fiduciary Management Inc. WI acquired a new position in shares of TJX Companies, Inc. (The) during the 1st quarter worth approximately $225,702,000. Institutional investors and hedge funds own 89.32% of the company’s stock.

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In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Several research analysts recently commented on the company. BidaskClub downgraded TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Instinet reissued a “buy” rating and issued a $80.00 price objective (down from $83.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. MKM Partners reissued a “buy” rating and issued a $87.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. Nomura set a $80.00 price objective on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $83.25.

TJX Companies, Inc. (TJX) opened at $68.60 on Friday. The firm has a market capitalization of $43,648.39, a price-to-earnings ratio of 19.00, a PEG ratio of 1.64 and a beta of 0.72. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. TJX Companies, Inc. has a twelve month low of $66.65 and a twelve month high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations 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 revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. research analysts predict that TJX Companies, Inc. will post 3.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.41%.

TJX Companies, Inc. (The) 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.

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

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