Handelsbanken Fonder AB cut its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 17.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 156,600 shares of the apparel and home fashions retailer’s stock after selling 32,000 shares during the period. Handelsbanken Fonder AB’s holdings in TJX Companies, Inc. (The) were worth $11,302,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TJX. State of Alaska Department of Revenue purchased a new stake in TJX Companies, Inc. (The) during the first quarter valued at about $504,000. Huntington National Bank boosted its stake in TJX Companies, Inc. (The) by 1.4% in the first quarter. Huntington National Bank now owns 421,314 shares of the apparel and home fashions retailer’s stock valued at $33,318,000 after buying an additional 5,634 shares during the period. Rockland Trust Co. boosted its stake in TJX Companies, Inc. (The) by 7.2% in the first quarter. Rockland Trust Co. now owns 5,328 shares of the apparel and home fashions retailer’s stock valued at $421,000 after buying an additional 358 shares during the period. Ledyard National Bank boosted its stake in TJX Companies, Inc. (The) by 2.1% in the first quarter. Ledyard National Bank now owns 11,534 shares of the apparel and home fashions retailer’s stock valued at $912,000 after buying an additional 239 shares during the period. Finally, Hartford Financial Management Inc. bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at $250,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE:TJX) traded up 1.50% during trading on Monday, hitting $71.53. 1,585,674 shares of the company traded hands. The company has a 50-day moving average of $70.06 and a 200-day moving average of $74.80. The stock has a market capitalization of $46.37 billion, a PE ratio of 20.25 and a beta of 0.77. TJX Companies, Inc. has a 52-week low of $66.65 and a 52-week 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 the consensus estimate of $0.84 by $0.01. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. Equities analysts expect that TJX Companies, Inc. will post $3.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 annualized dividend and a yield of 1.77%. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.41%.

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TJX has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Morgan Stanley raised shares of TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price target on the stock in a report on Wednesday, May 17th. BidaskClub raised shares of TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Credit Suisse Group reaffirmed a “hold” rating and set a $79.00 target price on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Zacks Investment Research lowered shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $82.61.

In other news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now owns 86,243 shares in the company, valued at approximately $6,537,219.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by insiders.

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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