Bessemer Group Inc. lowered its position in TJX Companies, Inc. (The) (NYSE:TJX) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,250 shares of the apparel and home fashions retailer’s stock after selling 609 shares during the period. Bessemer Group Inc.’s holdings in TJX Companies, Inc. (The) were worth $4,349,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its stake in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the period. Israel Discount Bank of New York bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at $130,000. Jacobi Capital Management LLC increased its stake in TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares during the period. Mosaic Family Wealth LLC increased its stake in TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in TJX Companies, Inc. (The) by 4.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) opened at 72.05 on Thursday. TJX Companies, Inc. has a 52-week low of $66.65 and a 52-week high of $80.92. The stock’s 50 day moving average is $70.12 and its 200 day moving average is $74.67. The stock has a market capitalization of $45.84 billion, a PE ratio of 20.39 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm posted $0.84 earnings per share. TJX Companies, Inc. (The)’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.41%.

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Several analysts recently weighed in on the stock. Credit Suisse Group reiterated a “hold” rating and issued a $79.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reiterated a “buy” rating and issued a $85.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Instinet reiterated a “buy” rating and issued a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, May 16th. Finally, Cowen and Company set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.61.

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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