Valinor Management L.P. raised its position in TJX Companies, Inc. (The) (NYSE:TJX) by 14.4% during the first quarter, Holdings Channel reports. The firm owned 1,126,528 shares of the apparel and home fashions retailer’s stock after buying an additional 141,700 shares during the period. TJX Companies, Inc. (The) accounts for about 2.6% of Valinor Management L.P.’s portfolio, making the stock its 20th largest position. Valinor Management L.P.’s holdings in TJX Companies, Inc. (The) were worth $89,086,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. TrimTabs Asset Management LLC increased its position 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 during the period. Israel Discount Bank of New York acquired a new position in shares of TJX Companies, Inc. (The) during the first quarter worth $130,000. Mosaic Family Wealth LLC increased its position 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 during the period. Howard Hughes Medical Institute acquired a new position in shares of TJX Companies, Inc. (The) during the first quarter worth $171,000. Finally, SRS Capital Advisors Inc. increased its position in shares of TJX Companies, Inc. (The) by 14.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,201 shares of the apparel and home fashions retailer’s stock worth $174,000 after buying an additional 276 shares during the period. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX Companies, Inc. (TJX) traded down 1.31% during midday trading on Thursday, reaching $70.33. The company had a trading volume of 976,003 shares. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $83.64. The company has a 50 day moving average price of $69.96 and a 200-day moving average price of $75.01. The firm has a market capitalization of $45.24 billion, a P/E ratio of 19.97 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business earned $0.76 EPS. TJX Companies, Inc. (The)’s revenue was up 3.2% compared to the same quarter last year. On average, analysts anticipate that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.

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

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A number of equities analysts have weighed in on the company. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $79.00 price target (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. BMO Capital Markets set a $85.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, July 18th. Four research 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. The stock has an average rating of “Buy” and a consensus price target of $83.78.

In related news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at approximately $6,537,219.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 120,000 shares of the company’s stock, valued at $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently 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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