Forte Capital LLC ADV reduced its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,837 shares of the apparel and home fashions retailer’s stock after selling 1,240 shares during the period. TJX Companies, Inc. (The) comprises 1.2% of Forte Capital LLC ADV’s investment portfolio, making the stock its 23rd largest position. Forte Capital LLC ADV’s holdings in TJX Companies, Inc. (The) were worth $3,597,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. National Pension Service boosted its stake in TJX Companies, Inc. (The) by 13.3% in the second quarter. National Pension Service now owns 568,007 shares of the apparel and home fashions retailer’s stock worth $40,374,000 after buying an additional 66,717 shares during the period. Creative Planning boosted its stake in shares of TJX Companies, Inc. (The) by 13.2% in the second quarter. Creative Planning now owns 55,734 shares of the apparel and home fashions retailer’s stock valued at $4,022,000 after buying an additional 6,519 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its stake in shares of TJX Companies, Inc. (The) by 147.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 10,524 shares of the apparel and home fashions retailer’s stock valued at $759,000 after buying an additional 6,264 shares during the last quarter. Vontobel Asset Management Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 23.5% in the second quarter. Vontobel Asset Management Inc. now owns 2,121,368 shares of the apparel and home fashions retailer’s stock valued at $156,730,000 after buying an additional 403,841 shares during the last quarter. Finally, Narwhal Capital Management boosted its stake in shares of TJX Companies, Inc. (The) by 247.4% in the second quarter. Narwhal Capital Management now owns 28,925 shares of the apparel and home fashions retailer’s stock valued at $2,088,000 after buying an additional 20,600 shares during the last quarter. Institutional investors and hedge funds own 88.16% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE:TJX) traded up 0.579% during mid-day trading on Monday, reaching $72.085. The company’s stock had a trading volume of 888,529 shares. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92. The company’s 50-day moving average is $70.12 and its 200 day moving average is $74.67. The firm has a market capitalization of $45.87 billion, a P/E ratio of 20.403 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data 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 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 firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. On average, analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

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

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TJX has been the subject of several research reports. Zacks Investment Research upgraded 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. Royal Bank Of Canada reiterated 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 reiterated 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 upgraded TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Nomura reiterated 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $82.61.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the business’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 of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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