Cornerstone Financial Partners LLC bought a new position in TJX Companies, Inc. (The) (NYSE:TJX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,367 shares of the apparel and home fashions retailer’s stock, valued at approximately $469,000.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in TJX Companies, Inc. (The) by 1.5% in the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock worth $3,450,938,000 after purchasing an additional 708,532 shares in the last quarter. BlackRock Inc. grew its stake in TJX Companies, Inc. (The) by 4.8% in the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after acquiring an additional 1,996,874 shares during the period. State Street Corp grew its stake in TJX Companies, Inc. (The) by 6.6% in the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after acquiring an additional 1,773,046 shares during the period. Ameriprise Financial Inc. grew its stake in TJX Companies, Inc. (The) by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock valued at $610,888,000 after acquiring an additional 51,364 shares during the period. Finally, Alliancebernstein L.P. grew its stake in TJX Companies, Inc. (The) by 278.1% in the second 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 acquiring an additional 4,994,846 shares during the period. Institutional investors and hedge funds own 88.93% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) traded up $0.26 during trading hours on Friday, hitting $70.83. The company had a trading volume of 1,037,371 shares, compared to its average volume of 4,177,538. The stock has a market capitalization of $44,901.87, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.69 and a beta of 0.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies, Inc. has a one year low of $66.44 and a one year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. TJX Companies, Inc. (The) had a return on equity of 52.79% and a net margin of 7.01%. The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. analysts anticipate that TJX Companies, Inc. will post 3.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a $0.3125 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.76%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 33.78%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the business’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 transaction, the chief executive officer now owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by insiders.

A number of brokerages have commented on TJX. Jefferies Group LLC set a $75.00 price objective on TJX Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, August 9th. Nomura set a $80.00 price objective on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, August 16th. Buckingham Research reduced their price objective on TJX Companies, Inc. (The) from $85.00 to $82.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Finally, Goldman Sachs Group, Inc. (The) set a $79.00 price objective on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $81.50.

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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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