Conning Inc. Has $1.48 Million Position in TJX Companies, Inc. (The) (TJX)

Conning Inc. lessened its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,486 shares of the apparel and home fashions retailer’s stock after selling 358 shares during the period. Conning Inc.’s holdings in TJX Companies, Inc. (The) were worth $1,478,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Trillium Asset Management LLC increased its position in TJX Companies, Inc. (The) by 30.1% during the 2nd quarter. Trillium Asset Management LLC now owns 312,742 shares of the apparel and home fashions retailer’s stock valued at $22,570,000 after buying an additional 72,380 shares in the last quarter. Alpine Woods Capital Investors LLC increased its position in TJX Companies, Inc. (The) by 44.5% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 115,000 shares of the apparel and home fashions retailer’s stock valued at $8,300,000 after buying an additional 35,400 shares in the last quarter. Advisors Asset Management Inc. increased its position in TJX Companies, Inc. (The) by 3.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 64,665 shares of the apparel and home fashions retailer’s stock valued at $4,667,000 after buying an additional 1,883 shares in the last quarter. Bingham Osborn & Scarborough LLC bought a new position in TJX Companies, Inc. (The) during the 2nd quarter valued at approximately $246,000. Finally, Nippon Life Global Investors Americas Inc. increased its position in TJX Companies, Inc. (The) by 21.1% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 66,980 shares of the apparel and home fashions retailer’s stock valued at $4,835,000 after buying an additional 11,680 shares in the last quarter. 89.15% of the stock is owned by institutional investors.

Several analysts have commented on the company. BidaskClub downgraded TJX Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada set a $79.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, June 19th. Instinet reiterated a “buy” rating and set a $80.00 target price (down from $83.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, August 16th. Cowen and Company set a $80.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, Nomura reiterated a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $82.79.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the company’s 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 directly owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

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TJX Companies, Inc. (NYSE:TJX) opened at 72.39 on Monday. TJX Companies, Inc. has a one year low of $66.65 and a one year high of $80.92. The company has a 50-day moving average price of $70.81 and a 200-day moving average price of $74.38. The company has a market capitalization of $46.06 billion, a PE ratio of 20.49 and a beta of 0.76.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. Analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

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.

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

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