Murphy Pohlad Asset Management LLC Maintains Holdings in TJX Companies, Inc. (The) (TJX)

Murphy Pohlad Asset Management LLC continued to hold its stake in TJX Companies, Inc. (The) (NYSE:TJX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,600 shares of the apparel and home fashions retailer’s stock at the end of the second quarter. Murphy Pohlad Asset Management LLC’s holdings in TJX Companies, Inc. (The) were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased 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 acquiring an additional 2,336,495 shares during the last quarter. BlackRock Inc. increased 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 valued at $3,303,255,000 after acquiring an additional 39,763,685 shares during the last quarter. State Street Corp increased 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 valued at $2,277,402,000 after acquiring an additional 1,773,046 shares during the last quarter. Wellington Management Group LLP increased 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 valued at $1,637,238,000 after acquiring an additional 3,339,536 shares during the last quarter. Finally, Ameriprise Financial Inc. increased 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 valued at $665,521,000 after acquiring an additional 3,275,506 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the completion of the transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.23% of the company’s stock.

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A number of research analysts recently issued reports on the stock. BidaskClub raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $79.00 price objective (down from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research note on Tuesday, May 16th. BMO Capital Markets set a $85.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $83.24.

Shares of TJX Companies, Inc. (TJX) opened at 73.54 on Wednesday. The stock’s 50 day moving average is $70.92 and its 200 day moving average is $74.31. TJX Companies, Inc. has a 52-week low of $66.66 and a 52-week high of $80.92. The company has a market capitalization of $46.79 billion, a P/E ratio of 20.82 and a beta of 0.76.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the company posted $0.84 EPS. TJX Companies, Inc. (The)’s revenue was up 6.0% on a year-over-year basis. Equities analysts expect that TJX Companies, Inc. will post $3.93 EPS for the current year.

TJX Companies, Inc. (The) Profile

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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