Bank of New York Mellon Corp decreased its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,030,557 shares of the apparel and home fashions retailer’s stock after selling 1,231,750 shares during the quarter. Bank of New York Mellon Corp owned approximately 2.96% of TJX Companies, Inc. (The) worth $1,373,435,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Guardian Life Insurance Co. of America increased its position in TJX Companies, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock worth $199,000 after buying an additional 16 shares in the last quarter. Reliance Trust Co. of Delaware grew its position in shares of TJX Companies, Inc. (The) by 0.9% during the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock worth $251,000 after purchasing an additional 31 shares in the last quarter. WMS Partners LLC grew its position in shares of TJX Companies, Inc. (The) by 0.3% during the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock worth $832,000 after purchasing an additional 33 shares in the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA grew its position in shares of TJX Companies, Inc. (The) by 0.4% during the first quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 10,752 shares of the apparel and home fashions retailer’s stock worth $850,000 after purchasing an additional 40 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its position in shares of TJX Companies, Inc. (The) by 0.3% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 15,139 shares of the apparel and home fashions retailer’s stock worth $1,197,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 73.54 on Wednesday. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $80.92. The firm has a market cap of $46.79 billion, a PE ratio of 20.82 and a beta of 0.76. The stock has a 50 day moving average price of $70.92 and a 200-day moving average price of $74.31.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion for 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, equities analysts anticipate that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

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TJX has been the subject of several research analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Morgan Stanley upgraded TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 target price for the company in a research report on Wednesday, May 17th. BidaskClub raised TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Credit Suisse Group reissued a “hold” rating and set a $79.00 price target on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Zacks Investment Research lowered TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus price target of $83.24.

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 transaction, the chief executive officer now owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

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.

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

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