Westwood Holdings Group Inc. decreased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 37.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 131,949 shares of the apparel and home fashions retailer’s stock after selling 78,175 shares during the period. Westwood Holdings Group Inc.’s holdings in TJX Companies, Inc. (The) were worth $10,434,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TJX. TrimTabs Asset Management LLC boosted its position in 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 valued at $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at approximately $130,000. Mosaic Family Wealth LLC boosted its position in 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 valued at $147,000 after buying an additional 108 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at approximately $171,000. Finally, SRS Capital Advisors Inc. boosted its position in 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 valued at $174,000 after buying an additional 276 shares in the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies, Inc. (NYSE:TJX) traded down 1.31% on Thursday, reaching $70.33. 976,003 shares of the company were exchanged. The firm has a 50-day moving average of $69.96 and a 200 day moving average of $75.01. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $83.64. 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 issued 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. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, equities analysts predict that TJX Companies, Inc. will post $3.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a dividend of $0.3125 per share. 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 (DPR) is 35.51%.

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TJX has been the topic of several recent analyst reports. Cowen and Company set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Nomura reissued a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Tuesday, April 25th. Instinet reissued a “buy” rating and set a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $79.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 19th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given 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 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 transaction of $303,200.00. Following the transaction, the executive vice president now owns 86,243 shares in the company, valued at $6,537,219.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of 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 transaction, the executive vice president now owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate 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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