Monte Financial Group LLC Acquires 287 Shares of The TJX Companies, Inc. (NYSE:TJX)

Monte Financial Group LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,825 shares of the apparel and home fashions retailer’s stock after buying an additional 287 shares during the period. Monte Financial Group LLC’s holdings in TJX Companies were worth $1,126,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nwam LLC lifted its holdings in shares of TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after purchasing an additional 84 shares during the period. One Charles Private Wealth Services LLC raised its position in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock worth $218,000 after purchasing an additional 86 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock worth $485,000 after buying an additional 86 shares during the period. Amplius Wealth Advisors LLC grew its position in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer’s stock valued at $283,000 after buying an additional 93 shares during the last quarter. Finally, Horizon Wealth Management LLC increased its stake in shares of TJX Companies by 2.0% in the first quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer’s stock valued at $602,000 after buying an additional 99 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $123.35 on Friday. The firm has a market capitalization of $137.80 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.90 and a beta of 0.90. The firm’s 50-day moving average price is $127.66 and its 200-day moving average price is $124.11. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. UBS Group restated a “buy” rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $141.53.

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.