Texas Permanent School Fund cut its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 190,474 shares of the apparel and home fashions retailer’s stock after selling 4,812 shares during the period. Texas Permanent School Fund’s holdings in TJX Companies, Inc. (The) were worth $15,063,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TJX. State Street Corp increased its stake in TJX Companies, Inc. (The) by 3.6% in the fourth quarter. State Street Corp now owns 27,025,547 shares of the apparel and home fashions retailer’s stock valued at $2,030,430,000 after buying an additional 949,541 shares during the period. Norges Bank bought a new stake in TJX Companies, Inc. (The) during the fourth quarter valued at $483,732,000. Polen Capital Management LLC increased its stake in TJX Companies, Inc. (The) by 7.7% in the fourth quarter. Polen Capital Management LLC now owns 6,189,811 shares of the apparel and home fashions retailer’s stock valued at $465,041,000 after buying an additional 441,444 shares during the period. American Century Companies Inc. increased its stake in TJX Companies, Inc. (The) by 6.4% in the first quarter. American Century Companies Inc. now owns 5,628,074 shares of the apparel and home fashions retailer’s stock valued at $445,068,000 after buying an additional 336,717 shares during the period. Finally, Fiera Capital Corp increased its stake in TJX Companies, Inc. (The) by 7.2% in the fourth quarter. Fiera Capital Corp now owns 4,604,567 shares of the apparel and home fashions retailer’s stock valued at $345,940,000 after buying an additional 307,792 shares during the period. 89.75% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

TJX Companies, Inc. (NYSE TJX) opened at 72.44 on Friday. TJX Companies, Inc. has a 12-month low of $71.40 and a 12-month high of $83.64. The stock has a market capitalization of $46.60 billion, a PE ratio of 20.57 and a beta of 0.76. The company’s 50-day moving average is $75.78 and its 200 day moving average is $76.80.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.88 billion. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. TJX Companies, Inc. (The)’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. On average, equities research analysts expect that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be paid a $0.3125 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.73%. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.51%.

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Several equities research analysts have weighed in on TJX shares. Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Saturday, February 18th. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a research note on Wednesday, February 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Morgan Stanley raised shares of TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price target for the company in a research note on Wednesday, May 17th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $79.00 price target on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. TJX Companies, Inc. (The) has a consensus rating of “Buy” and a consensus price target of $85.17.

In other news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) 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 sale, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the sale, the executive vice president now owns 120,000 shares of the company’s stock, valued at $9,069,600. The disclosure for this sale can be found here. Insiders sold 40,750 shares of company stock valued at $3,156,056 over the last quarter. Company 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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