Oak Ridge Investments LLC lessened its holdings in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 65.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,475 shares of the apparel and home fashions retailer’s stock after selling 14,333 shares during the quarter. Oak Ridge Investments LLC’s holdings in TJX Companies, Inc. (The) were worth $551,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TJX. Teachers Advisors LLC boosted its position in TJX Companies, Inc. (The) by 1.7% during the 1st quarter. Teachers Advisors LLC now owns 1,306,099 shares of the apparel and home fashions retailer’s stock worth $103,286,000 after acquiring an additional 22,334 shares during the period. TIAA CREF Investment Management LLC boosted its position in TJX Companies, Inc. (The) by 0.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 2,852,128 shares of the apparel and home fashions retailer’s stock worth $225,546,000 after acquiring an additional 9,242 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in TJX Companies, Inc. (The) by 109.1% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 11,500 shares of the apparel and home fashions retailer’s stock worth $909,000 after acquiring an additional 6,000 shares during the period. Stephens Inc. AR boosted its position in TJX Companies, Inc. (The) by 7.4% during the 1st quarter. Stephens Inc. AR now owns 50,173 shares of the apparel and home fashions retailer’s stock worth $3,968,000 after acquiring an additional 3,456 shares during the period. Finally, Israel Discount Bank of New York bought a new stake in shares of TJX Companies, Inc. (The) in the 1st quarter worth $130,000. Institutional investors own 89.51% of the company’s stock.

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A number of analysts have recently commented on TJX shares. Buckingham Research reissued a “buy” rating and issued a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Thursday, October 19th. Northcoast Research raised TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price objective 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. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, October 10th. Finally, Sanford C. Bernstein started 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 on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $81.50.

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by insiders.

TJX Companies, Inc. (TJX) traded up $1.96 during trading hours on Friday, reaching $71.02. The company had a trading volume of 7,837,480 shares, compared to its average volume of 4,169,527. The firm has a market capitalization of $43,940.00, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72. TJX Companies, Inc. has a 52-week low of $66.44 and a 52-week high of $80.92. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.49.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies, Inc. (The) had a return on equity of 53.11% and a net margin of 7.01%. TJX Companies, Inc. (The)’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. sell-side analysts anticipate that TJX Companies, Inc. will post 3.97 earnings per share for the current year.

The firm also recently declared 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 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is 33.78%.

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.

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

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