Bank of Montreal Can raised its stake in shares of TJX Companies Inc (NYSE:TJX) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,895,083 shares of the apparel and home fashions retailer’s stock after purchasing an additional 101,545 shares during the quarter. Bank of Montreal Can’s holdings in TJX Companies were worth $144,897,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Fort Pitt Capital Group LLC increased its holdings in shares of TJX Companies by 0.5% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after purchasing an additional 17 shares during the period. Summit Asset Management LLC increased its stake in TJX Companies by 0.7% in the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock valued at $325,000 after acquiring an additional 30 shares during the period. FTB Advisors Inc. increased its stake in TJX Companies by 1.6% in the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after acquiring an additional 36 shares during the period. C M Bidwell & Associates Ltd. increased its stake in TJX Companies by 1.2% in the second quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock valued at $296,000 after acquiring an additional 50 shares during the period. Finally, Jackson Grant Investment Advisers Inc. increased its stake in TJX Companies by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 15,202 shares of the apparel and home fashions retailer’s stock valued at $1,097,000 after acquiring an additional 63 shares during the period. Institutional investors own 90.40% of the company’s stock.

A number of analysts recently weighed in on the stock. Goldman Sachs Group cut shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price on the stock. in a research note on Tuesday, December 5th. Citigroup lowered their target price on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Wells Fargo & Co set a $76.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, November 14th. Cowen set a $88.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Finally, Buckingham Research reissued a “buy” rating and issued a $85.00 target price on shares of TJX Companies in a research note on Thursday, October 19th. One 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $81.95.

TJX Companies Inc (NYSE:TJX) opened at $76.59 on Wednesday. The company has a market cap of $48,730.00, a PE ratio of 20.70, a price-to-earnings-growth ratio of 1.88 and a beta of 0.75. TJX Companies Inc has a 12-month low of $66.44 and a 12-month high of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.00. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. equities research analysts predict that TJX Companies Inc will post 3.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given 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 yield of 1.63%. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.

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About TJX Companies

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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