Fiduciary Trust Co. trimmed its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,251,173 shares of the apparel and home fashions retailer’s stock after selling 35,290 shares during the period. TJX Companies, Inc. (The) comprises approximately 2.8% of Fiduciary Trust Co.’s investment portfolio, making the stock its 5th biggest position. Fiduciary Trust Co. owned approximately 0.19% of TJX Companies, Inc. (The) worth $90,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TJX. TrimTabs Asset Management LLC increased its holdings in TJX Companies, Inc. (The) by 88.9% in the first 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 period. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) in the first quarter valued at $130,000. Jacobi Capital Management LLC increased its holdings in TJX Companies, Inc. (The) by 12.9% in the first 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 period. Mosaic Family Wealth LLC increased its holdings in TJX Companies, Inc. (The) by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 134 shares during the period. Finally, Oakworth Capital Inc. boosted its position in TJX Companies, Inc. (The) by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.

A number of analysts have commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price target on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of TJX Companies, Inc. (The) in a research report on Monday, September 18th. Northcoast Research raised shares of TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Thursday, September 7th. They noted that the move was a valuation call. Sanford C. Bernstein assumed coverage on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 price target on the stock. Finally, MKM Partners reaffirmed a “buy” rating and set a $87.00 price target on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $83.24.

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were 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 $34,869,138.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.23% of the company’s stock.

TJX Companies, Inc. (NYSE TJX) opened at 74.16 on Thursday. The company has a market cap of $47.19 billion, a PE ratio of 20.99 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. The company has a 50-day moving average of $71.68 and a 200 day moving average of $74.08.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. TJX Companies, Inc. (The)’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is currently 35.41%.

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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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