Curbstone Financial Management Corp cut its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,436 shares of the apparel and home fashions retailer’s stock after selling 65 shares during the period. Curbstone Financial Management Corp’s holdings in TJX Companies, Inc. (The) were worth $1,258,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in TJX Companies, Inc. (The) by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after buying an additional 2,336,495 shares in the last quarter. BlackRock Inc. raised its stake in TJX Companies, Inc. (The) by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after buying an additional 39,763,685 shares during the period. State Street Corp raised 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 worth $2,277,402,000 after buying an additional 1,773,046 shares during the period. Wellington Management Group LLP raised its stake in TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after buying an additional 3,339,536 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in TJX Companies, Inc. (The) by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock worth $665,521,000 after buying an additional 3,275,506 shares during the period. Institutional investors own 89.56% of the company’s stock.

Shares of TJX Companies, Inc. (TJX) traded up 1.50% during mid-day trading on Monday, hitting $71.53. 1,585,674 shares of the company traded hands. The firm’s 50 day moving average price is $70.06 and its 200-day moving average price is $74.80. The stock has a market capitalization of $46.37 billion, a PE ratio of 20.25 and a beta of 0.77. TJX Companies, Inc. has a 1-year low of $66.65 and a 1-year high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data 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 net margin of 6.83% and a return on equity of 52.87%. The firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that TJX Companies, Inc. will post $3.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 annualized dividend and a yield of 1.77%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is 35.41%.

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A number of equities research analysts recently commented on TJX shares. Cowen and Company set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Nomura restated a “buy” rating and set a $84.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Tuesday, April 25th. Instinet restated a “buy” rating and set a $84.00 price target (down from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $79.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 19th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and an average target price of $82.61.

In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

About TJX Companies, Inc. (The)

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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