New York State Common Retirement Fund cut its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,084,881 shares of the apparel and home fashions retailer’s stock after selling 173,944 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of TJX Companies, Inc. (The) worth $150,466,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Waldron LP boosted its holdings in TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock valued at $449,000 after purchasing an additional 2,792 shares in the last quarter. Intrust Bank NA boosted its holdings in TJX Companies, Inc. (The) by 6.1% in the first quarter. Intrust Bank NA now owns 6,552 shares of the apparel and home fashions retailer’s stock valued at $518,000 after purchasing an additional 378 shares in the last quarter. Ropes Wealth Advisors LLC boosted its holdings in TJX Companies, Inc. (The) by 369.1% in the first quarter. Ropes Wealth Advisors LLC now owns 12,169 shares of the apparel and home fashions retailer’s stock valued at $962,000 after purchasing an additional 9,575 shares in the last quarter. Main Street Research LLC boosted its holdings in TJX Companies, Inc. (The) by 2.8% in the first quarter. Main Street Research LLC now owns 130,073 shares of the apparel and home fashions retailer’s stock valued at $10,286,000 after purchasing an additional 3,570 shares in the last quarter. Finally, Haverford Trust Co. boosted its holdings in TJX Companies, Inc. (The) by 0.8% in the first quarter. Haverford Trust Co. now owns 1,212,884 shares of the apparel and home fashions retailer’s stock valued at $95,915,000 after purchasing an additional 9,812 shares in the last quarter. 89.14% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on TJX. Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 price target on shares of TJX Companies, Inc. (The) in a report on Monday, September 18th. Sanford C. Bernstein began coverage on TJX Companies, Inc. (The) in a report on Tuesday, September 12th. They issued an “outperform” rating and a $88.00 price target for the company. MKM Partners reaffirmed a “buy” rating and issued a $87.00 price target on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $83.15.

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In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.23% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) opened at 73.60 on Monday. The firm has a 50-day moving average price of $72.77 and a 200-day moving average price of $73.68. TJX Companies, Inc. has a 52 week low of $66.65 and a 52 week high of $80.92. The stock has a market cap of $46.83 billion, a PE ratio of 20.83 and a beta of 0.78.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results 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. The company had revenue of $8.36 billion during 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%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. On average, analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

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

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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