Harvey Investment Co. LLC cut its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 295,280 shares of the apparel and home fashions retailer’s stock after selling 3,755 shares during the period. TJX Companies, Inc. (The) accounts for about 4.3% of Harvey Investment Co. LLC’s investment portfolio, making the stock its 6th largest position. Harvey Investment Co. LLC’s holdings in TJX Companies, Inc. (The) were worth $21,310,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. TrimTabs Asset Management LLC boosted its stake in shares of TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth about $130,000. Jacobi Capital Management LLC boosted its stake in shares of TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after buying an additional 200 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock worth $147,000 after buying an additional 108 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth about $171,000. Institutional investors and hedge funds own 89.85% of the company’s stock.

TJX Companies, Inc. (NYSE TJX) traded down 1.733% on Thursday, hitting $70.025. 1,797,979 shares of the company traded hands. The firm has a market capitalization of $45.05 billion, a PE ratio of 19.882 and a beta of 0.77. The firm’s 50 day moving average price is $69.96 and its 200 day moving average price is $75.01. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $83.64.

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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The firm had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $0.76 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.75%. TJX Companies, Inc. (The)’s payout ratio is currently 35.51%.

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A number of brokerages recently issued reports on TJX. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Wednesday. BidaskClub upgraded TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Credit Suisse Group restated a “neutral” rating and issued a $72.00 price objective (down from $79.00) on shares of TJX Companies, Inc. (The) in a research note on Tuesday. BMO Capital Markets set a $85.00 price objective on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Cowen and Company set a $80.00 price objective on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, May 17th. Four 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 stock. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and an average target price of $83.78.

In other news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) stock in a transaction dated 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 of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value of $89,108.82. Following the transaction, the executive vice president now directly owns 120,000 shares in the company, valued at $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is owned by 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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