Alecta Pensionsforsakring Omsesidigt reduced its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 2.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 9,082,538 shares of the apparel and home fashions retailer’s stock after selling 225,000 shares during the period. TJX Companies, Inc. (The) comprises approximately 5.8% of Alecta Pensionsforsakring Omsesidigt’s investment portfolio, making the stock its 4th largest position. Alecta Pensionsforsakring Omsesidigt owned 1.41% of TJX Companies, Inc. (The) worth $655,305,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter valued at $377,000. Reliance Trust Co. of Delaware boosted its stake in shares of TJX Companies, Inc. (The) by 13.6% in the first quarter. Reliance Trust Co. of Delaware now owns 3,456 shares of the apparel and home fashions retailer’s stock valued at $273,000 after buying an additional 413 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of TJX Companies, Inc. (The) by 2.2% in the first quarter. Gateway Investment Advisers LLC now owns 442,256 shares of the apparel and home fashions retailer’s stock valued at $34,974,000 after buying an additional 9,410 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of TJX Companies, Inc. (The) by 24.4% in the first quarter. DnB Asset Management AS now owns 79,510 shares of the apparel and home fashions retailer’s stock valued at $6,288,000 after buying an additional 15,600 shares in the last quarter. Finally, Coastline Trust Co boosted its stake in shares of TJX Companies, Inc. (The) by 31.5% in the first quarter. Coastline Trust Co now owns 4,945 shares of the apparel and home fashions retailer’s stock valued at $391,000 after buying an additional 1,185 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE:TJX) traded up 0.31% during mid-day trading on Friday, hitting $70.47. 6,655,057 shares of the stock were exchanged. The stock has a market cap of $45.69 billion, a price-to-earnings ratio of 19.95 and a beta of 0.77. The company has a 50-day moving average price of $70.06 and a 200-day moving average price of $74.80. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the business posted $0.84 EPS. TJX Companies, Inc. (The)’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts expect that TJX Companies, Inc. will post $3.92 earnings per share for the current year.

The company 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 dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is 35.41%.

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TJX has been the subject of several recent analyst reports. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Tuesday, April 25th. 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 for the company in a research note on Wednesday, May 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $79.00 price objective (down from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Nomura reaffirmed a “buy” rating and set a $84.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, 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 research note on Wednesday, May 17th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $82.61.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at approximately $6,537,219.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.

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

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