Janney Capital Management LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Janney Capital Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 29,975 shares of the apparel and home fashions retailer’s stock after selling 685 shares during the period. Janney Capital Management LLC’s holdings in TJX Companies were worth $3,621,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC increased its holdings in shares of TJX Companies by 5.3% in the 2nd quarter. ProShare Advisors LLC now owns 174,781 shares of the apparel and home fashions retailer’s stock valued at $19,243,000 after acquiring an additional 8,866 shares during the period. Evergreen Capital Management LLC grew its position in TJX Companies by 5.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 11,062 shares of the apparel and home fashions retailer’s stock worth $1,218,000 after purchasing an additional 564 shares during the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new position in TJX Companies in the second quarter valued at $2,310,000. Mill Creek Capital Advisors LLC raised its holdings in shares of TJX Companies by 11.3% in the second quarter. Mill Creek Capital Advisors LLC now owns 9,134 shares of the apparel and home fashions retailer’s stock valued at $1,006,000 after buying an additional 924 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of TJX Companies by 59.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 217,021 shares of the apparel and home fashions retailer’s stock valued at $23,894,000 after buying an additional 80,494 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Friday, December 6th. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Evercore ISI upped their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Robert W. Baird lifted their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Trading Down 0.7 %

NYSE:TJX opened at $122.47 on Wednesday. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $122.70 and a 200-day simple moving average of $117.72. The company has a market capitalization of $137.68 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.