Intermede Investment Partners Ltd lifted its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 511,568 shares of the apparel and home fashions retailer’s stock after purchasing an additional 7,399 shares during the quarter. TJX Companies, Inc. (The) accounts for about 3.4% of Intermede Investment Partners Ltd’s portfolio, making the stock its 19th largest position. Intermede Investment Partners Ltd owned about 0.08% of TJX Companies, Inc. (The) worth $37,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in TJX. BlackRock Inc. grew its holdings in TJX Companies, Inc. (The) by 1,980.9% during the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after acquiring an additional 39,763,685 shares during the last quarter. Alliancebernstein L.P. grew its holdings in TJX Companies, Inc. (The) by 278.1% during the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after acquiring an additional 4,994,846 shares during the last quarter. Wellington Management Group LLP grew its holdings in TJX Companies, Inc. (The) by 19.2% during the 1st 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 acquiring an additional 3,339,536 shares during the last quarter. Flossbach Von Storch AG grew its holdings in TJX Companies, Inc. (The) by 265.0% during the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock worth $299,651,000 after acquiring an additional 3,014,430 shares during the last quarter. Finally, Fiduciary Management Inc. WI bought a new stake in TJX Companies, Inc. (The) during the 1st quarter worth approximately $225,702,000. 89.32% of the stock is currently owned by institutional investors.

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TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter last year, the business earned $0.84 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.41%.

A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Tuesday, July 18th. BMO Capital Markets set a $85.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $90.00 target price (down from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Finally, Instinet reissued a “buy” rating and set a $80.00 target price (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. TJX Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $83.25.

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the sale, the chief executive officer now owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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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