Federated Investors Inc. PA lessened its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,045,000 shares of the apparel and home fashions retailer’s stock after selling 226,430 shares during the quarter. Federated Investors Inc. PA owned approximately 0.16% of TJX Companies, Inc. (The) worth $75,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. TrimTabs Asset Management LLC lifted its holdings in TJX Companies, Inc. (The) by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after purchasing an additional 664 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) during the 1st quarter valued at $130,000. Jacobi Capital Management LLC lifted its holdings in TJX Companies, Inc. (The) by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after purchasing an additional 200 shares during the last quarter. Mosaic Family Wealth LLC lifted its holdings in TJX Companies, Inc. (The) by 6.2% during the 1st quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after purchasing an additional 108 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its holdings in TJX Companies, Inc. (The) by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after purchasing an additional 185 shares during the last quarter. 89.15% of the stock is owned by institutional investors.

TJX Companies, Inc. (NYSE:TJX) opened at 73.74 on Friday. The company has a 50 day moving average price of $71.50 and a 200-day moving average price of $74.23. The company has a market cap of $46.92 billion, a PE ratio of 20.87 and a beta of 0.76. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $80.92.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.70%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is 35.41%.

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

Several equities research analysts have issued reports on the company. Jefferies Group LLC set a $75.00 price target on TJX Companies, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday, August 9th. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Instinet reaffirmed a “buy” rating and set a $80.00 price target (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $83.24.

TJX Companies, Inc. (The) 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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