The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,126 shares of the apparel and home fashions retailer’s stock after selling 166 shares during the quarter. Montag A & Associates Inc.’s holdings in TJX Companies were worth $10,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new position in TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $26,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies in the 3rd quarter valued at approximately $30,000. Finally, Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $29,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 1.2 %

NYSE:TJX opened at $124.33 on Friday. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a market cap of $139.77 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a 50-day simple moving average of $123.17 and a 200-day simple moving average of $119.11.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.21%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

Several research analysts have recently commented on TJX shares. Robert W. Baird raised their price target on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley increased their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. TD Cowen lifted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Company Profile

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.