Schroder Investment Management Group trimmed its stake in TJX Companies Inc (NYSE:TJX) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 641,459 shares of the apparel and home fashions retailer’s stock after selling 51,224 shares during the period. Schroder Investment Management Group owned approximately 0.10% of TJX Companies worth $61,150,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Martingale Asset Management L P lifted its stake in shares of TJX Companies by 10.5% in the second quarter. Martingale Asset Management L P now owns 5,318 shares of the apparel and home fashions retailer’s stock valued at $507,000 after purchasing an additional 506 shares during the period. Reilly Herbert Faulkner III lifted its stake in shares of TJX Companies by 0.9% in the second quarter. Reilly Herbert Faulkner III now owns 61,505 shares of the apparel and home fashions retailer’s stock valued at $5,854,000 after purchasing an additional 536 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of TJX Companies by 0.5% in the second quarter. Commonwealth Equity Services LLC now owns 103,639 shares of the apparel and home fashions retailer’s stock valued at $9,864,000 after purchasing an additional 540 shares during the period. D L Carlson Investment Group Inc. lifted its stake in shares of TJX Companies by 8.3% in the second quarter. D L Carlson Investment Group Inc. now owns 7,134 shares of the apparel and home fashions retailer’s stock valued at $679,000 after purchasing an additional 544 shares during the period. Finally, Global X Management Co LLC lifted its stake in shares of TJX Companies by 9.8% in the second quarter. Global X Management Co LLC now owns 6,397 shares of the apparel and home fashions retailer’s stock valued at $609,000 after purchasing an additional 570 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on TJX shares. Cowen set a $125.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Tuesday, September 25th. DA Davidson initiated coverage on shares of TJX Companies in a report on Tuesday, September 25th. They set a “buy” rating and a $130.00 price target for the company. Barclays began coverage on shares of TJX Companies in a report on Tuesday, September 11th. They set an “equal weight” rating and a $117.00 price target for the company. Goldman Sachs Group began coverage on shares of TJX Companies in a report on Monday, September 3rd. They issued a “buy” rating and a $126.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of TJX Companies from $99.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $107.56.

TJX traded up $1.68 during trading on Friday, hitting $109.44. The company had a trading volume of 3,262,105 shares, compared to its average volume of 3,774,040. The stock has a market capitalization of $69.54 billion, a PE ratio of 27.09, a P/E/G ratio of 2.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $113.28.

Shares of TJX Companies are scheduled to split on Monday, November 5th. The 2-1 split was announced on Monday, September 17th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, November 6th.

TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The firm had revenue of $9.33 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, equities research analysts forecast that TJX Companies Inc will post 4.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.43%. TJX Companies’s dividend payout ratio is currently 38.61%.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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