Montag & Caldwell LLC lessened its holdings in TJX Companies Inc (NYSE:TJX) by 15.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,700 shares of the apparel and home fashions retailer’s stock after selling 2,000 shares during the period. Montag & Caldwell LLC’s holdings in TJX Companies were worth $566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Glassman Wealth Services increased its stake in shares of TJX Companies by 9.7% during the first quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock valued at $114,000 after purchasing an additional 190 shares in the last quarter. Seelaus Asset Management LLC boosted its position in shares of TJX Companies by 0.9% during the 2nd quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock worth $1,125,000 after purchasing an additional 200 shares in the last quarter. Clarus Wealth Advisors boosted its position in shares of TJX Companies by 3.7% during the 2nd quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock worth $320,000 after purchasing an additional 218 shares in the last quarter. HighPoint Advisor Group LLC boosted its position in shares of TJX Companies by 2.6% during the 1st quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock worth $456,000 after purchasing an additional 220 shares in the last quarter. Finally, First Allied Advisory Services Inc. boosted its position in shares of TJX Companies by 1.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 17,172 shares of the apparel and home fashions retailer’s stock worth $912,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

In other news, Director David T. Ching sold 20,000 shares of TJX Companies stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the completion of the transaction, the director now directly owns 28,771 shares of the company’s stock, valued at approximately $1,501,846.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 1,480 shares of TJX Companies stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the transaction, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

TJX stock traded down $1.19 during trading on Thursday, hitting $50.24. The company had a trading volume of 272,211 shares, compared to its average volume of 5,208,254. The firm’s fifty day moving average is $54.11. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $62.93 billion, a P/E ratio of 23.80, a P/E/G ratio of 1.81 and a beta of 0.73. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $57.15.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.02. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, analysts expect that TJX Companies Inc will post 2.63 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.

Several equities research analysts have commented on TJX shares. Robert W. Baird started coverage on shares of TJX Companies in a research report on Monday, May 13th. They set an “outperform” rating and a $63.00 target price on the stock. Credit Suisse Group raised their target price on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, May 24th. ValuEngine cut TJX Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Argus reaffirmed a “buy” rating on shares of TJX Companies in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.34.

TJX Companies Company Profile

The TJX Companies, Inc 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; footwear; and other merchandise.

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

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