Chesley Taft & Associates LLC increased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,148 shares of the apparel and home fashions retailer’s stock after buying an additional 350 shares during the period. Chesley Taft & Associates LLC’s holdings in TJX Companies, Inc. (The) were worth $2,176,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TrimTabs Asset Management LLC raised 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 during the period. Israel Discount Bank of New York bought a new position in TJX Companies, Inc. (The) during the first quarter valued at $130,000. Jacobi Capital Management LLC raised its position in 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 valued at $133,000 after buying an additional 200 shares during the period. Mosaic Family Wealth LLC raised 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 during the period. Finally, Howard Hughes Medical Institute bought a new position in TJX Companies, Inc. (The) during the first quarter valued at $171,000. 88.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX Companies, Inc. (TJX) traded down 0.97% on Tuesday, reaching $71.10. The company’s stock had a trading volume of 735,985 shares. The firm’s 50 day moving average is $70.12 and its 200-day moving average is $74.67. TJX Companies, Inc. has a 52-week low of $66.65 and a 52-week high of $80.92. The stock has a market cap of $45.24 billion, a P/E ratio of 20.12 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. On average, equities research analysts forecast that TJX Companies, Inc. will post $3.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.74%. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

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Several research firms have weighed in on TJX. 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 reaffirmed 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. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. TJX Companies, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $82.61.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction on 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 Securities & Exchange Commission, which is available through this link. 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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