Checchi Capital Advisers LLC lowered its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 5.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,227 shares of the apparel and home fashions retailer’s stock after selling 972 shares during the quarter. Checchi Capital Advisers LLC’s holdings in TJX Companies, Inc. (The) were worth $1,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jackson Wealth Management LLC grew its holdings in TJX Companies, Inc. (The) by 0.8% during the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock valued at $1,599,000 after purchasing an additional 171 shares during the period. Waldron LP grew its holdings in TJX Companies, Inc. (The) by 96.7% during the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after purchasing an additional 2,792 shares during the period. Vanguard Group Inc. grew its holdings in TJX Companies, Inc. (The) by 5.2% during the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after purchasing an additional 2,336,495 shares during the period. Perkins Coie Trust Co grew its holdings in TJX Companies, Inc. (The) by 1.8% during the second quarter. Perkins Coie Trust Co now owns 26,238 shares of the apparel and home fashions retailer’s stock valued at $1,894,000 after purchasing an additional 470 shares during the period. Finally, Trust Co. of Vermont grew its holdings in TJX Companies, Inc. (The) by 2.0% during the first quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock valued at $3,076,000 after purchasing an additional 781 shares during the period. Hedge funds and other institutional investors own 89.15% of the company’s stock.

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.23% of the company’s stock.

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TJX Companies, Inc. (NYSE:TJX) opened at 72.84 on Tuesday. The firm has a market cap of $46.35 billion, a PE ratio of 20.62 and a beta of 0.76. TJX Companies, Inc. has a one year low of $66.65 and a one year high of $80.92. The company’s 50-day moving average is $70.86 and its 200 day moving average is $74.33.

TJX Companies, Inc. (The) (NYSE:TJX) last posted 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 the 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 during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter last year, the firm posted $0.84 EPS. TJX Companies, Inc. (The)’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

A number of research analysts recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies, Inc. (The) in a report on Tuesday. Northcoast Research upgraded shares of TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research cut shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Instinet reiterated a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Finally, 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. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus target price of $82.79.

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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