Earnest Partners LLC lowered its position in TJX Companies, Inc. (The) (NYSE:TJX) by 5.4% during the first quarter, Holdings Channel reports. The institutional investor owned 941,856 shares of the apparel and home fashions retailer’s stock after selling 53,460 shares during the period. Earnest Partners LLC’s holdings in TJX Companies, Inc. (The) were worth $74,482,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TJX. Guardian Life Insurance Co. of America raised its stake in shares of TJX Companies, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock worth $199,000 after buying an additional 16 shares in the last quarter. WMS Partners LLC raised its stake in shares of TJX Companies, Inc. (The) by 0.3% in the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock worth $832,000 after buying an additional 33 shares in the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA raised its stake in shares of TJX Companies, Inc. (The) by 0.4% in the first quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 10,752 shares of the apparel and home fashions retailer’s stock worth $850,000 after buying an additional 40 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of TJX Companies, Inc. (The) by 0.3% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 15,139 shares of the apparel and home fashions retailer’s stock worth $1,197,000 after buying an additional 50 shares in the last quarter. Finally, Concert Wealth Management Inc. raised its stake in shares of TJX Companies, Inc. (The) by 0.5% in the first quarter. Concert Wealth Management Inc. now owns 11,322 shares of the apparel and home fashions retailer’s stock worth $853,000 after buying an additional 55 shares in the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX Companies, Inc. (NYSE:TJX) traded up 1.545% during mid-day trading on Tuesday, hitting $71.455. 918,688 shares of the company were exchanged. The firm has a 50 day moving average of $70.27 and a 200 day moving average of $75.23. The company has a market capitalization of $45.97 billion, a price-to-earnings ratio of 20.288 and a beta of 0.77. TJX Companies, Inc. has a 12-month low of $66.66 and a 12-month high of $83.64.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Equities research analysts forecast that TJX Companies, Inc. will post $3.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is presently 35.51%.

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A number of equities research analysts have commented on the stock. Royal Bank Of Canada set a $79.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, June 19th. BidaskClub lowered shares of TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Morgan Stanley raised shares of TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price objective on the stock in a report on Wednesday, May 17th. Cowen and Company set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Finally, BMO Capital Markets reissued a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. TJX Companies, Inc. (The) has a consensus rating of “Buy” and an average target price of $83.72.

In related news, EVP Richard Sherr sold 1,179 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total value of $89,108.82. Following the sale, the executive vice president now directly owns 120,000 shares in the company, valued at $9,069,600. The sale 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 the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the sale, the executive vice president now owns 86,243 shares in the company, valued at $6,537,219.40. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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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