Monte Financial Group LLC Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

Monte Financial Group LLC reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,582 shares of the apparel and home fashions retailer’s stock after selling 1,902 shares during the period. Monte Financial Group LLC’s holdings in TJX Companies were worth $1,009,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares during the period. Janus Henderson Group PLC grew its stake in shares of TJX Companies by 2.7% during the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after buying an additional 346,938 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in TJX Companies by 3.9% during the 1st quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock valued at $952,543,000 after acquiring an additional 351,400 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on TJX shares. UBS Group lifted their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Robert W. Baird increased their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Barclays boosted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Trading Down 0.8 %

NYSE TJX opened at $114.24 on Thursday. The stock’s 50 day moving average is $116.67 and its 200 day moving average is $109.05. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $128.85 billion, a PE ratio of 27.59, a P/E/G ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $86.92 and a twelve month high of $121.13.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.31%. TJX Companies’s payout ratio is 36.23%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

About TJX Companies

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.