Smithfield Trust Co. increased its holdings in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 15.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,277 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,257 shares during the period. Smithfield Trust Co.’s holdings in TJX Companies, Inc. (The) were worth $684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Israel Discount Bank of New York bought a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at approximately $130,000. Jacobi Capital Management LLC boosted its stake in shares of TJX Companies, Inc. (The) by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after purchasing an additional 200 shares in the last quarter. Lenox Wealth Management Inc. bought a new position in shares of TJX Companies, Inc. (The) during the second quarter valued at approximately $141,000. Mosaic Family Wealth LLC boosted its stake in shares of TJX Companies, Inc. (The) by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 134 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.

In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now 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 at the SEC website. Company insiders own 0.23% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) opened at $70.22 on Friday. TJX Companies, Inc. has a one year low of $66.65 and a one year high of $80.92. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49. The company has a market cap of $44,679.16, a price-to-earnings ratio of 19.45, a PEG ratio of 1.68 and a beta of 0.72.

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, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter last year, the company posted $0.84 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. research analysts predict that TJX Companies, Inc. will post 3.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.78%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

TJX has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, July 18th. Buckingham Research reiterated a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Thursday, October 19th. Northcoast Research upgraded shares of TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 target price on shares of TJX Companies, Inc. (The) in a research note on Monday, September 18th. Finally, Sanford C. Bernstein assumed coverage on shares of TJX Companies, Inc. (The) in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. TJX Companies, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $83.25.

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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.

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

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