TJX Companies Inc (TJX) Position Trimmed by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. decreased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270,563 shares of the apparel and home fashions retailer’s stock after selling 2,254 shares during the quarter. TJX Companies comprises approximately 1.1% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 19th largest position. Montrusco Bolton Investments Inc.’s holdings in TJX Companies were worth $20,643,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Sawyer & Company Inc bought a new stake in TJX Companies during the 4th quarter valued at approximately $4,122,000. Boyd Watterson Asset Management LLC OH bought a new stake in TJX Companies during the 4th quarter valued at approximately $230,000. Franklin Street Advisors Inc. NC bought a new stake in TJX Companies during the 4th quarter valued at approximately $203,000. First Citizens Bank & Trust Co. boosted its stake in TJX Companies by 55.5% during the 4th quarter. First Citizens Bank & Trust Co. now owns 5,132 shares of the apparel and home fashions retailer’s stock valued at $392,000 after purchasing an additional 1,832 shares during the period. Finally, Bath Savings Trust Co boosted its stake in TJX Companies by 1.6% during the 4th quarter. Bath Savings Trust Co now owns 198,629 shares of the apparel and home fashions retailer’s stock valued at $15,187,000 after purchasing an additional 3,215 shares during the period. Hedge funds and other institutional investors own 90.26% of the company’s stock.

Shares of TJX Companies Inc (NYSE TJX) traded up $0.61 on Friday, hitting $76.88. The stock had a trading volume of 2,698,800 shares, compared to its average volume of 3,736,413. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. The firm has a market cap of $49,880.00, a PE ratio of 20.78, a PEG ratio of 1.85 and a beta of 0.75.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same period in the prior year, the firm posted $0.91 EPS. TJX Companies’s quarterly revenue was up 5.7% compared to the same quarter last year. analysts anticipate that TJX Companies Inc will post 3.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.63%. TJX Companies’s payout ratio is presently 33.78%.

Several brokerages recently weighed in on TJX. Goldman Sachs Group downgraded TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price for the company. in a research note on Tuesday, December 5th. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $75.00 price target on shares of TJX Companies in a report on Thursday, September 28th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $76.00 price target on shares of TJX Companies in a report on Monday, September 18th. Finally, Cowen set a $88.00 price target on TJX Companies and gave the company a “buy” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. TJX Companies currently has an average rating of “Buy” and an average price target of $81.95.

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TJX Companies 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 were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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

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