Renaissance Investment Group LLC increased its stake in The TJX Cos. (NYSE:TJX) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,550 shares of the apparel and home fashions retailer’s stock after buying an additional 882 shares during the period. The TJX Cos. accounts for 2.5% of Renaissance Investment Group LLC’s holdings, making the stock its 14th largest position. Renaissance Investment Group LLC’s holdings in The TJX Cos. were worth $5,126,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Creative Planning boosted its position in The TJX Cos. by 3.0% in the second quarter. Creative Planning now owns 44,237 shares of the apparel and home fashions retailer’s stock valued at $3,416,000 after buying an additional 1,271 shares in the last quarter. DAVENPORT & Co LLC boosted its position in The TJX Cos. by 166.8% in the second quarter. DAVENPORT & Co LLC now owns 10,572 shares of the apparel and home fashions retailer’s stock valued at $816,000 after buying an additional 6,609 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in The TJX Cos. by 3.9% in the second quarter. Gateway Investment Advisers LLC now owns 613,336 shares of the apparel and home fashions retailer’s stock valued at $47,368,000 after buying an additional 23,167 shares in the last quarter. Atria Investments LLC purchased a new position in The TJX Cos. during the second quarter valued at $220,000. Finally, Forte Capital LLC ADV boosted its position in The TJX Cos. by 1.0% in the second quarter. Forte Capital LLC ADV now owns 48,571 shares of the apparel and home fashions retailer’s stock valued at $3,751,000 after buying an additional 486 shares in the last quarter. 85.94% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for The TJX Cos. (NYSE:TJX)

Shares of The TJX Cos. (NYSE:TJX) traded down 0.74% on Monday, reaching $78.65. The company had a trading volume of 2,958,488 shares. The firm’s 50 day moving average is $74.59 and its 200 day moving average is $76.58. The TJX Cos. has a 12 month low of $65.64 and a 12 month high of $83.64. The firm has a market capitalization of $52.04 billion, a PE ratio of 23.04 and a beta of 0.69.

The TJX Cos. (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The TJX Cos. had a return on equity of 53.12% and a net margin of 7.00%. The business earned $8.29 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that The TJX Cos. will post $3.48 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.31%. The TJX Cos.’s dividend payout ratio is currently 30.41%.

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Several research firms have weighed in on TJX. BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of The TJX Cos. in a report on Wednesday, November 16th. RBC Capital Markets dropped their target price on The TJX Cos. from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, November 16th. Royal Bank Of Canada dropped their target price on The TJX Cos. from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, November 16th. Zacks Investment Research upgraded The TJX Cos. from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Wednesday, November 16th. Finally, Jefferies Group reiterated a “hold” rating and issued a $77.00 target price on shares of The TJX Cos. in a report on Wednesday, November 16th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The TJX Cos. currently has a consensus rating of “Buy” and an average target price of $83.64.

In other news, EVP Kenneth Canestrari sold 6,701 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $79.56, for a total transaction of $533,131.56. Following the completion of the transaction, the executive vice president now directly owns 64,871 shares in the company, valued at $5,161,136.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.30% of the company’s stock.

The TJX Cos. 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 are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

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