Seven Eight Capital LP lessened its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 17.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,400 shares of the apparel and home fashions retailer’s stock after selling 6,900 shares during the period. Seven Eight Capital LP’s holdings in TJX Companies, Inc. (The) were worth $2,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. Jackson Wealth Management LLC boosted its stake in shares of TJX Companies, Inc. (The) by 0.8% during the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock valued at $1,599,000 after purchasing an additional 171 shares in the last quarter. Waldron LP increased its holdings in TJX Companies, Inc. (The) by 96.7% during the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after buying an additional 2,792 shares during the period. JLB & Associates Inc. purchased a new position in TJX Companies, Inc. (The) during the second quarter valued at approximately $8,295,000. Vanguard Group Inc. increased its holdings in TJX Companies, Inc. (The) by 5.2% during the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after buying an additional 2,336,495 shares during the period. Finally, Davis R M Inc. increased its holdings in TJX Companies, Inc. (The) by 0.7% during the second quarter. Davis R M Inc. now owns 382,610 shares of the apparel and home fashions retailer’s stock valued at $27,613,000 after buying an additional 2,802 shares during the period. 89.13% of the stock is owned by hedge funds and other institutional investors.

TJX Companies, Inc. (TJX) opened at 73.82 on Wednesday. The company has a 50-day moving average price of $72.51 and a 200-day moving average price of $73.71. The stock has a market cap of $46.97 billion, a price-to-earnings ratio of 20.89 and a beta of 0.78. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 6.83% and a return on equity of 52.87%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 EPS. Equities research analysts anticipate that TJX Companies, Inc. will post $3.93 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.69%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, 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 available through this hyperlink. 0.23% of the stock is owned by company insiders.

Several brokerages have issued reports on TJX. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Tuesday, July 18th. Credit Suisse Group set a $72.00 price target on TJX Companies, Inc. (The) and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC set a $75.00 price target on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Finally, BMO Capital Markets set a $85.00 price objective on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, July 17th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.15.

COPYRIGHT VIOLATION WARNING: “Seven Eight Capital LP Lowers Stake in TJX Companies, Inc. (The) (TJX)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/seven-eight-capital-lp-lowers-stake-in-tjx-companies-inc-the-tjx/1606836.html.

TJX Companies, Inc. (The) Company 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies, Inc. (The) (NYSE:TJX).

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

Receive News & Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.