Bank of Montreal Can Sells 251,769 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bank of Montreal Can trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 6.6% in the second quarter, HoldingsChannel reports. The firm owned 3,544,146 shares of the apparel and home fashions retailer’s stock after selling 251,769 shares during the quarter. Bank of Montreal Can’s holdings in TJX Companies were worth $392,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Dearborn Partners LLC increased its position in shares of TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after acquiring an additional 90 shares during the period. Concorde Asset Management LLC grew its stake in shares of TJX Companies by 2.8% in the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 90 shares during the last quarter. Wambolt & Associates LLC increased its holdings in TJX Companies by 1.4% during the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after purchasing an additional 94 shares during the period. Armbruster Capital Management Inc. raised its position in TJX Companies by 4.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock valued at $231,000 after purchasing an additional 97 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its position in TJX Companies by 4.8% during the 2nd quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock valued at $240,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $117.93 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a 50 day moving average price of $114.83 and a 200-day moving average price of $106.28. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. The firm has a market capitalization of $133.28 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 3.02 and a beta of 0.89.

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

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 37.22%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

TJX has been the topic of several research analyst reports. UBS Group boosted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note 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. Robert W. Baird raised their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

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.