Russell Investments Group Ltd. raised its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 12.0% during the second quarter, Holdings Channel reports. The fund owned 2,188,372 shares of the apparel and home fashions retailer’s stock after buying an additional 234,738 shares during the period. Russell Investments Group Ltd.’s holdings in TJX Companies, Inc. (The) were worth $157,982,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Jackson Wealth Management LLC boosted its position in shares of 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 buying an additional 171 shares during the last quarter. Weybosset Research & Management LLC boosted its position in shares of TJX Companies, Inc. (The) by 1.0% in the first quarter. Weybosset Research & Management LLC now owns 77,865 shares of the apparel and home fashions retailer’s stock worth $6,158,000 after buying an additional 770 shares during the last quarter. Waldron LP boosted its position in shares of 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 buying an additional 2,792 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 2,336,495 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in shares of TJX Companies, Inc. (The) by 2.0% in the first quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock worth $3,076,000 after buying an additional 781 shares during the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX Companies, Inc. (TJX) traded up 1.15% during midday trading on Friday, hitting $71.07. 4,933,347 shares of the company were exchanged. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $83.64. The firm’s 50 day moving average price is $70.05 and its 200 day moving average price is $74.95. The firm has a market capitalization of $45.72 billion, a price-to-earnings ratio of 20.18 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The company had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts forecast that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid 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 Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.51%.

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A number of equities analysts have issued reports on TJX shares. BidaskClub raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research cut shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Jefferies Group LLC set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $79.00 price objective (down from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Credit Suisse Group set a $72.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of “Buy” and an average price target of $83.78.

In related news, EVP Richard Sherr sold 1,179 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at $9,069,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

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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