Cullinan Associates Inc. lowered its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,050 shares of the apparel and home fashions retailer’s stock after selling 4,300 shares during the period. Cullinan Associates Inc.’s holdings in TJX Companies, Inc. (The) were worth $2,530,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jackson Wealth Management LLC raised its position in 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 worth $1,599,000 after buying an additional 171 shares during the last quarter. Waldron LP raised its position in 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 worth $449,000 after buying an additional 2,792 shares during the last quarter. Vanguard Group Inc. raised its position in TJX Companies, Inc. (The) by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock worth $3,725,322,000 after buying an additional 2,336,495 shares during the last quarter. Trust Co. of Vermont raised its position in 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 worth $3,076,000 after buying an additional 781 shares during the last quarter. Finally, Stifel Financial Corp raised its position in TJX Companies, Inc. (The) by 1.6% in the first quarter. Stifel Financial Corp now owns 1,782,882 shares of the apparel and home fashions retailer’s stock worth $141,031,000 after buying an additional 27,307 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

TJX Companies, Inc. (NYSE:TJX) traded up 1.10% during mid-day trading on Friday, hitting $71.67. The company had a trading volume of 2,965,942 shares. The firm has a market capitalization of $46.46 billion, a PE ratio of 20.29 and a beta of 0.77. The company has a 50 day moving average of $70.12 and a 200 day moving average of $74.67. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Analysts predict that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.74%. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

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TJX has been the subject of a number of recent analyst reports. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $79.00 price target (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, May 16th. Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Tuesday, July 18th. Finally, Credit Suisse Group set a $72.00 price target on TJX Companies, Inc. (The) and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $82.61.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction 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 sale, 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 available through the SEC website. 0.23% of the stock is currently owned by company 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.

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

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