Spark Investment Management LLC increased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 100.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,300 shares of the apparel and home fashions retailer’s stock after buying an additional 21,200 shares during the period. Spark Investment Management LLC’s holdings in TJX Companies, Inc. (The) were worth $3,052,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of TJX Companies, Inc. (The) by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after buying an additional 39,763,685 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after buying an additional 3,339,536 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of TJX Companies, Inc. (The) by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after buying an additional 3,275,506 shares in the last quarter. Flossbach Von Storch AG increased its stake in shares of TJX Companies, Inc. (The) by 265.0% in the second quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after buying an additional 3,014,430 shares in the last quarter. Finally, Fiduciary Management Inc. WI bought a new stake in shares of TJX Companies, Inc. (The) during the first quarter valued at $225,702,000. 89.56% of the stock is currently owned by institutional investors.

TJX Companies, Inc. (NYSE:TJX) opened at 71.67 on Monday. TJX Companies, Inc. has a 52 week low of $66.65 and a 52 week high of $80.92. The company has a 50-day moving average of $70.12 and a 200-day moving average of $74.67. The stock has a market capitalization of $46.46 billion, a price-to-earnings ratio of 20.29 and a beta of 0.77.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. Analysts anticipate that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The firm 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 is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.74%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

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TJX has been the topic of several analyst reports. Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $79.00 price target (down from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. BidaskClub raised TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Nomura reaffirmed a “buy” rating and set a $84.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price 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 shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the transaction, the executive vice president now owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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

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