Putnam FL Investment Management Co. bought a new position in shares of TJX Companies, Inc. (The) (NYSE:TJX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,881 shares of the apparel and home fashions retailer’s stock, valued at approximately $286,000.

Several other hedge funds have also recently bought and sold shares of TJX. BlackRock Inc. boosted its stake in shares of TJX Companies, Inc. (The) by 1,980.9% during the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after acquiring an additional 39,763,685 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of TJX Companies, Inc. (The) by 278.1% during the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after acquiring an additional 4,994,846 shares in the last quarter. Flossbach Von Storch AG boosted its stake in shares of TJX Companies, Inc. (The) by 265.0% during the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock worth $299,651,000 after acquiring an additional 3,014,430 shares in the last quarter. Fiduciary Management Inc. WI purchased a new stake in shares of TJX Companies, Inc. (The) during the 1st quarter worth about $225,702,000. Finally, Boston Partners boosted its stake in shares of TJX Companies, Inc. (The) by 1,038.6% during the 2nd quarter. Boston Partners now owns 3,067,319 shares of the apparel and home fashions retailer’s stock worth $221,369,000 after acquiring an additional 2,797,917 shares in the last quarter. 89.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of TJX Companies, Inc. (NYSE TJX) traded up $1.96 during midday trading on Friday, hitting $71.02. 7,837,480 shares of the stock were exchanged, compared to its average volume of 4,169,527. The firm has a market cap of $43,940.00, a P/E ratio of 18.36, a P/E/G ratio of 1.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.63 and a quick ratio of 0.80. TJX Companies, Inc. has a fifty-two week low of $66.44 and a fifty-two week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.00. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies, Inc. (The) had a net margin of 7.01% and a return on equity of 53.11%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. equities research analysts forecast that TJX Companies, Inc. will post 3.97 earnings per share for the current fiscal year.

The company also recently declared 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. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.76%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 33.78%.

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In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 in the company, valued at approximately $34,869,138.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by company insiders.

Several research firms have recently issued reports on TJX. Instinet reissued a “buy” rating and set a $80.00 target price (down from $83.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. MKM Partners restated 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. Nomura set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, August 16th. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Finally, The Goldman Sachs Group, Inc. set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $81.50.

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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