Montag & Caldwell LLC cut its stake in shares of The TJX Cos. (NYSE:TJX) by 25.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,622,145 shares of the apparel and home fashions retailer’s stock after selling 557,733 shares during the period. The TJX Cos. comprises about 2.6% of Montag & Caldwell LLC’s portfolio, making the stock its 16th largest position. Montag & Caldwell LLC’s holdings in The TJX Cos. were worth $125,278,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of TJX. Credit Agricole S A increased its stake in shares of The TJX Cos. by 166.7% in the first quarter. Credit Agricole S A now owns 1,483,436 shares of the apparel and home fashions retailer’s stock valued at $116,227,000 after buying an additional 927,167 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of The TJX Cos. by 53.5% in the first quarter. 1832 Asset Management L.P. now owns 1,927,500 shares of the apparel and home fashions retailer’s stock valued at $255,225,000 after buying an additional 671,500 shares during the period. Bessemer Group Inc. boosted its stake in shares of The TJX Cos. by 1,007.6% in the first quarter. Bessemer Group Inc. now owns 679,358 shares of the apparel and home fashions retailer’s stock valued at $53,227,000 after buying an additional 618,024 shares during the period. Capital Fund Management S.A. bought a new stake in shares of The TJX Cos. during the second quarter valued at approximately $46,705,000. Finally, Renaissance Technologies LLC bought a new stake in shares of The TJX Cos. during the first quarter valued at approximately $42,771,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of The TJX Cos. (NYSE:TJX) traded down 0.26% on Wednesday, hitting $74.20. 2,111,072 shares of the stock traded hands. The stock has a market cap of $48.72 billion, a price-to-earnings ratio of 21.54 and a beta of 0.65. The TJX Cos. has a 12-month low of $63.53 and a 12-month high of $83.64. The stock has a 50-day moving average price of $76.46 and a 200 day moving average price of $77.29.
The TJX Cos. (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business earned $7.88 billion during the quarter, compared to analyst estimates of $7.85 billion. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, analysts anticipate that The TJX Cos. will post $3.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio (DPR) is 30.15%.
Several analysts recently commented on the stock. Zacks Investment Research cut shares of The TJX Cos. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Deutsche Bank AG reiterated a “buy” rating on shares of The TJX Cos. in a research note on Tuesday, June 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research note on Thursday, August 18th. Miller Tabak assumed coverage on shares of The TJX Cos. in a research note on Friday, June 24th. They issued a “buy” rating and a $91.00 price objective for the company. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $92.00 price objective on shares of The TJX Cos. in a research note on Monday, August 1st. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $83.44.
The TJX Cos. Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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