ProShare Advisors LLC decreased its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 5.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,116 shares of the apparel and home fashions retailer’s stock after selling 2,801 shares during the period. ProShare Advisors LLC’s holdings in TJX Companies, Inc. (The) were worth $3,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Profund Advisors LLC raised its position in TJX Companies, Inc. (The) by 25.2% during the second quarter. Profund Advisors LLC now owns 23,439 shares of the apparel and home fashions retailer’s stock valued at $1,692,000 after purchasing an additional 4,721 shares in the last quarter. Laurion Capital Management LP raised its position in TJX Companies, Inc. (The) by 183.3% during the second quarter. Laurion Capital Management LP now owns 8,500 shares of the apparel and home fashions retailer’s stock valued at $613,000 after purchasing an additional 5,500 shares in the last quarter. Fiduciary Management Inc. WI raised its position in TJX Companies, Inc. (The) by 63.5% during the second quarter. Fiduciary Management Inc. WI now owns 4,667,352 shares of the apparel and home fashions retailer’s stock valued at $336,843,000 after purchasing an additional 1,813,259 shares in the last quarter. BT Investment Management Ltd purchased a new stake in TJX Companies, Inc. (The) during the second quarter valued at about $57,811,000. Finally, Destination Wealth Management raised its position in TJX Companies, Inc. (The) by 2.4% during the second quarter. Destination Wealth Management now owns 165,082 shares of the apparel and home fashions retailer’s stock valued at $11,914,000 after purchasing an additional 3,876 shares in the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE:TJX) opened at 73.60 on Friday. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $80.92. The company has a market capitalization of $46.83 billion, a PE ratio of 20.83 and a beta of 0.78. The firm’s 50-day moving average price is $72.77 and its 200 day moving average price is $73.68.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. On average, equities analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders 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 1.70%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

A number of research firms have weighed in on TJX. Jefferies Group LLC restated a “hold” rating and set 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 set a $76.00 price target on shares of TJX Companies, Inc. (The) in a research report on Monday, September 18th. Northcoast Research upgraded 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. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Finally, Sanford C. Bernstein began coverage on TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 price target on the stock. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $83.15.

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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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