Janney Montgomery Scott LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,017 shares of the apparel and home fashions retailer's stock after selling 12,497 shares during the quarter. Janney Montgomery Scott LLC's holdings in TJX Companies were worth $30,210,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the 2nd quarter worth about $25,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter worth about $30,000. New Millennium Group LLC purchased a new stake in TJX Companies in the 2nd quarter worth about $34,000. Anfield Capital Management LLC purchased a new stake in TJX Companies in the 2nd quarter worth about $37,000. Finally, Northwest Investment Counselors LLC purchased a new stake in TJX Companies in the 3rd quarter worth about $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Loop Capital increased their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Robert W. Baird upped their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a "buy" rating to a "neutral" rating and upped their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Sunday, September 15th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.76.
View Our Latest Stock Report on TJX Companies
In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company's stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.
Shares of TJX opened at $112.69 on Tuesday. The company has a market cap of $127.10 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $116.27 and a two-hundred day moving average of $110.21.
TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies's revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. As a group, analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies's dividend payout ratio is currently 36.23%.
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.
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