Symphony Asset Management LLC lessened its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 34.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,120 shares of the apparel and home fashions retailer’s stock after selling 4,894 shares during the quarter. Symphony Asset Management LLC’s holdings in TJX Companies, Inc. (The) were worth $658,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Waldron LP raised its holdings in shares of TJX Companies, Inc. (The) by 96.7% during the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock worth $449,000 after purchasing an additional 2,792 shares during the period. Comerica Bank lifted its position in shares of TJX Companies, Inc. (The) by 15.9% in the 1st quarter. Comerica Bank now owns 267,149 shares of the apparel and home fashions retailer’s stock worth $21,096,000 after buying an additional 36,550 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of TJX Companies, Inc. (The) by 2.0% in the 1st quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock worth $3,076,000 after buying an additional 781 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of TJX Companies, Inc. (The) by 2.9% in the 1st quarter. Xact Kapitalforvaltning AB now owns 109,613 shares of the apparel and home fashions retailer’s stock worth $8,668,000 after buying an additional 3,042 shares during the last quarter. Finally, Halbert Hargrove Russell LLC acquired a new position in shares of TJX Companies, Inc. (The) in the 1st quarter valued at about $217,000. 89.13% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on TJX. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Royal Bank Of Canada set a $79.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, June 19th. BidaskClub raised shares of TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Zacks Investment Research cut shares of TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Credit Suisse Group set a $72.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. TJX Companies, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $83.15.

Shares of TJX Companies, Inc. (TJX) opened at 73.40 on Tuesday. The stock has a 50 day moving average of $72.39 and a 200-day moving average of $73.75. The firm has a market capitalization of $46.70 billion, a price-to-earnings ratio of 20.78 and a beta of 0.78. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week 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, beating the Thomson Reuters’ 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 return on equity of 52.87% and a net margin of 6.83%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. 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. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is presently 35.41%.

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 in the company, valued at $34,869,138.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

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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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