Summit Global Investments raised its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 32.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,103 shares of the apparel and home fashions retailer’s stock after buying an additional 14,512 shares during the period. Summit Global Investments’ holdings in TJX Companies, Inc. (The) were worth $4,265,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TJX. Jackson Wealth Management LLC boosted its stake in shares of TJX Companies, Inc. (The) by 0.8% during the 1st 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. Waldron LP grew its holdings in shares of TJX Companies, Inc. (The) by 96.7% in the 1st quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after acquiring an additional 2,792 shares in the last quarter. JLB & Associates Inc. bought a new position in shares of TJX Companies, Inc. (The) in the 2nd quarter valued at about $8,295,000. Vanguard Group Inc. grew its holdings in shares of TJX Companies, Inc. (The) by 5.2% in the 1st 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 acquiring an additional 2,336,495 shares in the last quarter. Finally, Davis R M Inc. grew its holdings in shares of TJX Companies, Inc. (The) by 0.7% in the 2nd 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 acquiring an additional 2,802 shares in the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

TJX Companies, Inc. (TJX) opened at 73.40 on Tuesday. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $80.92. The stock has a 50 day moving average price of $72.39 and a 200 day moving average price of $73.75. The firm has a market cap of $46.70 billion, a P/E ratio of 20.78 and a beta of 0.78.

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

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.70%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction dated 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 sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

A number of analysts recently issued reports on TJX shares. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Wednesday, August 9th. BMO Capital Markets set a $85.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $79.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $90.00 price target (down from $97.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Finally, Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. TJX Companies, Inc. (The) has a consensus rating of “Buy” and an average 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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