World Asset Management Inc cut its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,843 shares of the apparel and home fashions retailer’s stock after selling 9,057 shares during the period. World Asset Management Inc’s holdings in TJX Companies, Inc. (The) were worth $4,680,000 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. 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 valued at $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York purchased a new position in shares of TJX Companies, Inc. (The) during the first quarter valued at $130,000. Jacobi Capital Management LLC increased its position 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 valued at $133,000 after buying an additional 200 shares during the last quarter. 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 valued at $147,000 after buying an additional 108 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of TJX Companies, Inc. (The) by 4.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 93 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

TJX Companies, Inc. (NYSE:TJX) opened at 72.38 on Friday. TJX Companies, Inc. has a 12-month low of $66.65 and a 12-month high of $80.92. The stock has a market cap of $46.05 billion, a PE ratio of 20.49 and a beta of 0.77. The firm has a 50-day moving average price of $70.49 and a 200-day moving average price of $74.52.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 10th were paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

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A number of research analysts have recently commented on the stock. Jefferies Group LLC set a $75.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, August 9th. Nomura set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Instinet reaffirmed a “buy” rating and set a $80.00 price objective (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $90.00 price objective (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus price target of $82.61.

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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