MML Investors Services LLC decreased its holdings in TJX Companies, Inc. (The) (NYSE:TJX) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,541 shares of the apparel and home fashions retailer’s stock after selling 513 shares during the period. MML Investors Services LLC’s holdings in TJX Companies, Inc. (The) were worth $1,194,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TJX. BlackRock Inc. increased its stake in shares of TJX Companies, Inc. (The) by 1,980.9% in the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after purchasing an additional 39,763,685 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of TJX Companies, Inc. (The) by 278.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after purchasing an additional 4,994,846 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of TJX Companies, Inc. (The) by 19.2% in the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after purchasing an additional 3,339,536 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of TJX Companies, Inc. (The) by 63.7% in the 1st quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after purchasing an additional 3,275,506 shares during the last quarter. Finally, Flossbach Von Storch AG increased its stake in shares of TJX Companies, Inc. (The) by 265.0% in the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after purchasing an additional 3,014,430 shares during the last quarter. Institutional investors own 89.14% of the company’s stock.

Several equities research analysts recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and set a $75.00 price objective on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price objective on shares of TJX Companies, Inc. (The) in a report on Monday, September 18th. Northcoast Research raised 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. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $83.25.

TJX Companies, Inc. (NYSE:TJX) opened at 72.25 on Wednesday. The firm has a market capitalization of $45.97 billion, a P/E ratio of 20.45 and a beta of 0.78. The firm’s 50-day moving average price is $72.86 and its 200 day moving average price is $73.53. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The business 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 firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, equities analysts anticipate 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 $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.73%. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.41%.

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In other TJX Companies, Inc. (The) 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

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.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

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