Standard Life Investments LTD lowered its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 20.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,503,295 shares of the apparel and home fashions retailer’s stock after selling 374,986 shares during the quarter. Standard Life Investments LTD owned about 0.23% of TJX Companies, Inc. (The) worth $108,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TrimTabs Asset Management LLC increased its stake in 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 worth $112,000 after acquiring an additional 664 shares during the last quarter. Israel Discount Bank of New York purchased a new position in shares of TJX Companies, Inc. (The) in the 1st quarter worth approximately $130,000. Jacobi Capital Management LLC boosted its holdings in shares of TJX Companies, Inc. (The) by 12.9% in 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 period. Mosaic Family Wealth LLC boosted its holdings in shares of TJX Companies, Inc. (The) by 7.2% in 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 period. Finally, Oakworth Capital Inc. boosted its holdings in shares of TJX Companies, Inc. (The) by 10.1% in 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 period. 89.14% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies, Inc. (NYSE TJX) traded up 0.40% during midday trading on Friday, hitting $72.07. The company had a trading volume of 2,649,518 shares. The stock’s 50-day moving average price is $72.93 and its 200-day moving average price is $73.47. The stock has a market cap of $45.86 billion, a PE ratio of 20.40 and a beta of 0.78. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same period last year, the company earned $0.84 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

The company also recently announced 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 of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.73%. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

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A number of brokerages have recently commented on TJX. Jefferies Group LLC reiterated a “hold” rating and issued a $75.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. Royal Bank Of Canada restated 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 upgraded TJX Companies, Inc. (The) from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies, Inc. (The) in a research report on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. TJX Companies, Inc. (The) has an average rating of “Buy” and an average price target of $83.16.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

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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