Monte Financial Group LLC Decreases Position in The TJX Companies, Inc. (NYSE:TJX)

Monte Financial Group LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,342 shares of the apparel and home fashions retailer’s stock after selling 197 shares during the quarter. Monte Financial Group LLC’s holdings in TJX Companies were worth $566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Winch Advisory Services LLC boosted its position in TJX Companies by 413.3% during the fourth quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 310 shares in the last quarter. Sandy Cove Advisors LLC purchased a new stake in TJX Companies during the fourth quarter worth $30,000. Intelligent Financial Strategies acquired a new position in shares of TJX Companies in the fourth quarter worth $30,000. First National Bank of South Miami raised its holdings in shares of TJX Companies by 904.8% in the fourth quarter. First National Bank of South Miami now owns 422 shares of the apparel and home fashions retailer’s stock worth $32,000 after acquiring an additional 380 shares during the last quarter. Finally, West Bancorporation Inc. acquired a new position in shares of TJX Companies in the fourth quarter worth $34,000. Institutional investors own 91.45% of the company’s stock.

Shares of NYSE:TJX opened at $56.04 on Monday. The firm has a market capitalization of $65.66 billion, a PE ratio of 20.38, a P/E/G ratio of 1.68 and a beta of 0.91. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.25 and a quick ratio of 0.55. The business has a 50-day moving average of $59.75 and a two-hundred day moving average of $64.52. The TJX Companies, Inc. has a 12 month low of $53.69 and a 12 month high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last announced its quarterly earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The company had revenue of $11.41 billion during the quarter, compared to analyst estimates of $11.58 billion. During the same period in the prior year, the firm posted $0.44 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. As a group, research analysts anticipate that The TJX Companies, Inc. will post 3.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, August 10th. TJX Companies’s dividend payout ratio is currently 42.91%.

A number of research firms have recently weighed in on TJX. Sanford C. Bernstein began coverage on TJX Companies in a report on Monday, March 14th. They issued a “market perform” rating and a $68.00 price target for the company. Robert W. Baird cut their price target on TJX Companies from $78.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, May 19th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. TheStreet cut TJX Companies from a “b” rating to a “c+” rating in a report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. dropped their target price on TJX Companies from $81.00 to $76.00 in a research note on Monday, May 16th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $78.05.

In other TJX Companies news, EVP Richard Sherr sold 46,997 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the transaction, the executive vice president now owns 104,127 shares of the company’s stock, valued at approximately $6,481,905.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kenneth Canestrari sold 35,827 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $61.04, for a total value of $2,186,880.08. Following the transaction, the executive vice president now directly owns 160,899 shares in the company, valued at approximately $9,821,274.96. The disclosure for this sale can be found here. Insiders sold 112,824 shares of company stock valued at $6,973,343 in the last three months. 0.19% of the stock is currently owned by company insiders.

TJX Companies Company Profile (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

Further Reading

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

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