Rock Point Advisors LLC lifted its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,768 shares of the apparel and home fashions retailer’s stock after buying an additional 9,544 shares during the period. TJX Companies, Inc. (The) makes up 4.0% of Rock Point Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Rock Point Advisors LLC’s holdings in TJX Companies, Inc. (The) were worth $8,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. TrimTabs Asset Management LLC grew its position in shares of TJX Companies, Inc. (The) by 88.9% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York purchased a new position in TJX Companies, Inc. (The) during the 1st quarter worth $130,000. Jacobi Capital Management LLC grew its position in TJX Companies, Inc. (The) by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 200 shares during the last quarter. Mosaic Family Wealth LLC grew its position in TJX Companies, Inc. (The) by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 134 shares during the last quarter. Finally, Oakworth Capital Inc. grew its position in TJX Companies, Inc. (The) by 10.1% during the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after purchasing an additional 185 shares during the last quarter. 89.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX Companies, Inc. (NYSE TJX) opened at 73.65 on Thursday. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92. The firm has a market cap of $46.86 billion, a PE ratio of 20.85 and a beta of 0.78. The company has a 50 day moving average of $72.61 and a 200 day moving average of $73.71.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly 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 business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. On average, equities research analysts anticipate that TJX Companies, Inc. will post $3.93 EPS 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 given a dividend of $0.3125 per share. 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 dividend payout ratio is currently 35.41%.

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In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Several research analysts have issued reports on the stock. Jefferies Group LLC set a $75.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Wednesday, August 9th. Nomura set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Instinet reissued a “buy” rating and set a $80.00 price objective (down from $83.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $90.00 price objective (down from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.15.

TJX Companies, Inc. (The) 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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