Boston Partners reduced its stake in shares of TJX Companies Inc (NYSE:TJX) by 25.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,833,027 shares of the apparel and home fashions retailer’s stock after selling 976,753 shares during the quarter. Boston Partners owned about 0.45% of TJX Companies worth $269,647,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TJX. Summit Trail Advisors LLC grew its position in shares of TJX Companies by 7,162.0% during the 1st quarter. Summit Trail Advisors LLC now owns 3,321,292 shares of the apparel and home fashions retailer’s stock worth $3,321,000 after buying an additional 3,275,557 shares during the period. Millennium Management LLC grew its position in shares of TJX Companies by 171.2% during the 1st quarter. Millennium Management LLC now owns 2,655,393 shares of the apparel and home fashions retailer’s stock worth $216,574,000 after buying an additional 1,676,204 shares during the period. Bank of Montreal Can acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $146,241,000. Eaton Vance Management grew its position in shares of TJX Companies by 49.7% in the 1st quarter. Eaton Vance Management now owns 2,923,959 shares of the apparel and home fashions retailer’s stock valued at $238,478,000 after purchasing an additional 970,534 shares during the period. Finally, Chevy Chase Trust Holdings Inc. acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $82,865,000. Institutional investors own 90.89% of the company’s stock.

In other TJX Companies news, EVP Richard Sherr sold 2,220 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $88.03, for a total transaction of $195,426.60. Following the completion of the transaction, the executive vice president now owns 90,495 shares of the company’s stock, valued at approximately $7,966,274.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $88.05, for a total value of $44,025.00. Following the transaction, the director now directly owns 15,498 shares of the company’s stock, valued at approximately $1,364,598.90. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

TJX Companies opened at $99.81 on Friday, Marketbeat.com reports. TJX Companies Inc has a twelve month low of $66.44 and a twelve month high of $100.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.69 and a quick ratio of 0.81. The company has a market cap of $61.43 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.91 and a beta of 0.66.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. TJX Companies had a return on equity of 56.91% and a net margin of 7.58%. The firm had revenue of $8.67 billion during the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The business’s revenue was up 11.4% on a year-over-year basis. sell-side analysts forecast that TJX Companies Inc will post 4.84 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Thursday, August 16th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, August 15th. TJX Companies’s dividend payout ratio (DPR) is currently 38.61%.

TJX has been the subject of several research analyst reports. MKM Partners set a $99.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Buckingham Research boosted their price objective on TJX Companies from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Deutsche Bank initiated coverage on TJX Companies in a research report on Monday, April 30th. They issued a “buy” rating and a $98.00 price objective for the company. Atlantic Securities lowered TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research report on Tuesday, June 26th. Finally, Loop Capital reiterated a “hold” rating and issued a $90.00 price objective on shares of TJX Companies in a research report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $92.76.

TJX Companies 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 d├ęcor, 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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