Daiwa Securities Group Inc. decreased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 41.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,400 shares of the apparel and home fashions retailer’s stock after selling 20,050 shares during the period. Daiwa Securities Group Inc.’s holdings in TJX Companies, Inc. (The) were worth $2,050,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D increased its stake in shares of TJX Companies, Inc. (The) by 3.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 310,000 shares of the apparel and home fashions retailer’s stock worth $22,373,000 after buying an additional 10,000 shares during the period. Investment Counselors of Maryland LLC increased its stake 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. increased its stake 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 increased its stake 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. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake 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. 88.16% of the stock is owned by institutional investors and hedge funds.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 72.30 on Friday. The company’s 50 day moving average is $70.42 and its 200-day moving average is $74.55. The firm has a market cap of $46.00 billion, a PE ratio of 20.46 and a beta of 0.77. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $80.92.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is currently 35.41%.

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A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Instinet reissued a “buy” rating and issued a $80.00 price target (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Nomura set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Credit Suisse Group reissued a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Finally, Jefferies Group LLC set a $75.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $82.61.

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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