Metropolitan Life Insurance Co. NY decreased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 1.4% during the first quarter, Holdings Channel reports. The institutional investor owned 347,880 shares of the apparel and home fashions retailer’s stock after selling 4,776 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in TJX Companies, Inc. (The) were worth $27,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co. increased its position in shares of TJX Companies, Inc. (The) by 19.7% in the first quarter. Fiduciary Trust Co. now owns 1,286,463 shares of the apparel and home fashions retailer’s stock valued at $101,733,000 after buying an additional 211,343 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of TJX Companies, Inc. (The) by 74.7% in the first quarter. Edgestream Partners L.P. now owns 21,232 shares of the apparel and home fashions retailer’s stock valued at $1,679,000 after buying an additional 9,078 shares during the period. Investment Centers of America Inc. increased its position in shares of TJX Companies, Inc. (The) by 0.8% in the first quarter. Investment Centers of America Inc. now owns 7,769 shares of the apparel and home fashions retailer’s stock valued at $617,000 after buying an additional 59 shares during the period. Highbridge Capital Management LLC bought a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at about $12,448,000. Finally, Wedgewood Partners Inc. increased its position in shares of TJX Companies, Inc. (The) by 54.2% in the first quarter. Wedgewood Partners Inc. now owns 1,813,665 shares of the apparel and home fashions retailer’s stock valued at $143,424,000 after buying an additional 637,261 shares during the period. Institutional investors and hedge funds own 89.85% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) traded down 1.29% during mid-day trading on Thursday, hitting $70.34. 975,612 shares of the company traded hands. 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. The stock has a market capitalization of $45.25 billion, a PE ratio of 19.97 and a beta of 0.77.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid 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 35.51%.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Credit Suisse Group reiterated a “hold” rating and set a $79.00 price target on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Instinet reiterated a “buy” rating and set a $84.00 price target (down from $87.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, May 16th. Four equities 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 company’s stock. The stock currently has an average rating of “Buy” and an average target price of $83.78.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was 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 of the company’s stock, valued at $6,537,219.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the transaction, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at $9,069,600. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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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