Montag A & Associates Inc. Has $9.63 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Montag A & Associates Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,336 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,966 shares during the period. Montag A & Associates Inc.’s holdings in TJX Companies were worth $9,629,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Panagora Asset Management Inc. grew its stake in shares of TJX Companies by 0.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 23,720 shares of the apparel and home fashions retailer’s stock worth $2,011,000 after acquiring an additional 117 shares during the period. Avior Wealth Management LLC raised its holdings in TJX Companies by 3.3% during the third quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after acquiring an additional 119 shares during the period. Rosenberg Matthew Hamilton raised its stake in TJX Companies by 5.3% during the third quarter. Rosenberg Matthew Hamilton now owns 2,368 shares of the apparel and home fashions retailer’s stock valued at $210,000 after purchasing an additional 120 shares in the last quarter. Adero Partners LLC lifted its stake in TJX Companies by 4.5% in the second quarter. Adero Partners LLC now owns 2,807 shares of the apparel and home fashions retailer’s stock worth $238,000 after purchasing an additional 121 shares during the last quarter. Finally, First Business Financial Services Inc. raised its stake in shares of TJX Companies by 0.7% during the second quarter. First Business Financial Services Inc. now owns 18,064 shares of the apparel and home fashions retailer’s stock valued at $1,532,000 after acquiring an additional 121 shares in the last quarter. 89.28% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE TJX traded down $0.67 on Monday, reaching $98.08. 3,629,055 shares of the stock were exchanged, compared to its average volume of 4,415,219. The company has a current ratio of 1.19, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42. The TJX Companies, Inc. has a one year low of $72.92 and a one year high of $99.45. The firm has a market capitalization of $111.78 billion, a PE ratio of 27.77, a PEG ratio of 2.13 and a beta of 0.86. The company’s 50-day simple moving average is $93.45 and its two-hundred day simple moving average is $90.73.

TJX Companies (NYSE:TJXGet Free Report) last posted its earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $13.27 billion during the quarter, compared to the consensus estimate of $13.09 billion. TJX Companies had a return on equity of 62.67% and a net margin of 7.85%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. Analysts expect that The TJX Companies, Inc. will post 3.76 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 15th will be given a $0.3325 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies’s payout ratio is 37.68%.

Analyst Upgrades and Downgrades

TJX has been the subject of several research reports. UBS Group lifted their price objective on shares of TJX Companies from $90.00 to $91.00 and gave the company a “neutral” rating in a research note on Thursday, November 16th. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Monday, February 5th. Evercore ISI assumed coverage on TJX Companies in a research note on Tuesday, November 7th. They set an “outperform” rating and a $105.00 price target on the stock. Morgan Stanley boosted their price objective on shares of TJX Companies from $99.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, November 16th. Finally, Telsey Advisory Group lifted their price objective on TJX Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.76.

View Our Latest Report on TJX Companies

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $89.06, for a total value of $1,514,020.00. Following the sale, the chief executive officer now owns 576,105 shares in the company, valued at approximately $51,307,911.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Company Profile

(Free Report)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.

Featured Articles

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJXFree Report).

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.