Denver Investment Advisors LLC lessened its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,056 shares of the apparel and home fashions retailer’s stock after selling 614 shares during the quarter. Denver Investment Advisors LLC’s holdings in TJX Companies, Inc. (The) were worth $2,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 5.2% in the 1st 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 last quarter. BlackRock Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 1,980.9% in the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after purchasing an additional 39,763,685 shares during the last quarter. State Street Corp boosted its stake in shares of TJX Companies, Inc. (The) by 6.6% in the 1st quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after purchasing an additional 1,773,046 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of TJX Companies, Inc. (The) by 19.2% in the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after purchasing an additional 3,339,536 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 63.7% in the 1st quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after purchasing an additional 3,275,506 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors.

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TJX Companies, Inc. (TJX) opened at 72.84 on Tuesday. TJX Companies, Inc. has a one year low of $66.65 and a one year high of $80.92. The firm has a market capitalization of $46.35 billion, a P/E ratio of 20.62 and a beta of 0.76. 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 released its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. TJX Companies, Inc. (The)’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. Equities analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

Several research firms recently weighed in on TJX. BidaskClub raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $79.00 price objective (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research note on Tuesday, May 16th. BMO Capital Markets set a $85.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, July 18th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $82.79.

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Friday, September 1st. The stock was 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 directly 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 Securities & Exchange Commission, which is available at this link. Corporate 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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