Polen Capital Management LLC lowered its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 96.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,353 shares of the apparel and home fashions retailer’s stock after selling 6,468,862 shares during the quarter. TJX Companies, Inc. (The) accounts for 0.1% of Polen Capital Management LLC’s holdings, making the stock its 20th biggest position. Polen Capital Management LLC’s holdings in TJX Companies, Inc. (The) were worth $15,759,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TJX. TrimTabs Asset Management LLC boosted its holdings in TJX Companies, Inc. (The) by 88.9% during the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in TJX Companies, Inc. (The) during the first quarter worth $130,000. Jacobi Capital Management LLC boosted its holdings in TJX Companies, Inc. (The) by 12.9% during the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after buying an additional 200 shares in the last quarter. Mosaic Family Wealth LLC boosted its holdings in TJX Companies, Inc. (The) by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after buying an additional 134 shares in the last quarter. Finally, Oakworth Capital Inc. boosted its holdings 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 worth $146,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on 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 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 filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on TJX. BMO Capital Markets reissued a “buy” rating and set a $85.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price target on shares of TJX Companies, Inc. (The) in a 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 objective on the stock in a report on Thursday, September 7th. They noted that the move was a valuation call. Finally, MKM Partners reaffirmed a “buy” rating and set a $87.00 price objective on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $83.15.

TJX Companies, Inc. (NYSE TJX) opened at 73.73 on Friday. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92. The stock has a 50 day moving average of $71.68 and a 200 day moving average of $74.08. The stock has a market cap of $46.91 billion, a price-to-earnings ratio of 20.87 and a beta of 0.76.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

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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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