Tufton Capital Management maintained its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,135 shares of the apparel and home fashions retailer’s stock at the end of the second quarter. Tufton Capital Management’s holdings in TJX Companies, Inc. (The) were worth $443,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Investment Counselors of Maryland LLC raised its position in shares of TJX Companies, Inc. (The) by 1.0% in the second quarter. Investment Counselors of Maryland LLC now owns 25,089 shares of the apparel and home fashions retailer’s stock worth $1,811,000 after buying an additional 246 shares during the period. Lee Danner & Bass Inc. raised its position in shares of TJX Companies, Inc. (The) by 1.3% in the second quarter. Lee Danner & Bass Inc. now owns 9,769 shares of the apparel and home fashions retailer’s stock worth $705,000 after buying an additional 121 shares during the period. Grandfield & Dodd LLC raised its position in shares of TJX Companies, Inc. (The) by 34.4% in the second quarter. Grandfield & Dodd LLC now owns 17,895 shares of the apparel and home fashions retailer’s stock worth $1,291,000 after buying an additional 4,585 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of TJX Companies, Inc. (The) by 699.8% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 61,126 shares of the apparel and home fashions retailer’s stock worth $4,411,000 after buying an additional 53,483 shares during the period. Finally, Rothschild Asset Management Inc. raised its position in shares of TJX Companies, Inc. (The) by 20.9% in the second quarter. Rothschild Asset Management Inc. now owns 7,759 shares of the apparel and home fashions retailer’s stock worth $560,000 after buying an additional 1,343 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) opened at 72.05 on Thursday. The stock’s 50 day moving average price is $70.12 and its 200-day moving average price is $74.67. TJX Companies, Inc. has a 52-week low of $66.65 and a 52-week high of $80.92. The firm 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 released its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the previous year, the firm earned $0.84 EPS. TJX Companies, Inc. (The)’s revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

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

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A number of brokerages recently issued reports on TJX. Credit Suisse Group restated a “hold” rating and issued a $79.00 target price on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. BMO Capital Markets restated a “buy” rating and issued a $85.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Instinet restated a “buy” rating and issued a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Jefferies Group LLC set a $80.00 target price on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, May 16th. Finally, Cowen and Company set a $80.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average 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.

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

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