Midwest Investment Management LLC decreased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,757 shares of the apparel and home fashions retailer’s stock after selling 1,380 shares during the period. TJX Companies, Inc. (The) comprises 2.9% of Midwest Investment Management LLC’s holdings, making the stock its 11th largest position. Midwest Investment Management LLC’s holdings in TJX Companies, Inc. (The) were worth $3,381,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jackson Wealth Management LLC increased its position in shares of TJX Companies, Inc. (The) by 0.8% in the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock valued at $1,599,000 after buying an additional 171 shares in the last quarter. Weybosset Research & Management LLC increased its position in shares of TJX Companies, Inc. (The) by 1.0% in the first quarter. Weybosset Research & Management LLC now owns 77,865 shares of the apparel and home fashions retailer’s stock valued at $6,158,000 after buying an additional 770 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of TJX Companies, Inc. (The) during the fourth quarter valued at about $10,112,000. Waldron LP increased its position in shares of TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after buying an additional 2,792 shares in the last quarter. Finally, Trust Co. of Vermont increased its position in shares of TJX Companies, Inc. (The) by 2.0% in the first quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock valued at $3,076,000 after buying an additional 781 shares in the last quarter. 89.85% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies, Inc. (TJX) traded up 0.74% during midday trading on Monday, reaching $70.68. 2,783,150 shares of the company traded hands. The firm’s 50 day moving average price is $70.27 and its 200 day moving average price is $75.23. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $83.64. The firm has a market capitalization of $45.47 billion, a price-to-earnings ratio of 20.07 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business earned $0.76 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect 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. Stockholders of record on Thursday, August 10th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.77%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.51%.

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Several research analysts have weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $79.00 price target (down from $82.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. BidaskClub upgraded TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Nomura reiterated a “buy” rating and issued a $84.00 price target on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Morgan Stanley upgraded TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price objective for the company in a report on Wednesday, May 17th. Four 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. TJX Companies, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $83.72.

In other news, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction 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 sale, the executive vice president now owns 120,000 shares in the company, valued at approximately $9,069,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) stock in a transaction 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 completion of the sale, the executive vice president now owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The disclosure for this sale can be found here. 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.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

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