Janney Montgomery Scott LLC Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Janney Montgomery Scott LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,954 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,310 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TJX Companies were worth $31,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shell Asset Management Co. raised its stake in shares of TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock valued at $3,524,000 after acquiring an additional 4,128 shares during the period. Pathstone Holdings LLC raised its stake in shares of TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after acquiring an additional 67,853 shares during the period. Ethic Inc. raised its stake in shares of TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after acquiring an additional 29,158 shares during the period. Fiduciary Trust Co raised its stake in shares of TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after acquiring an additional 144,113 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $433,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TJX shares. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. TD Securities upped their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Robert W. Baird upped their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Finally, Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.53.

TJX Companies Stock Down 1.0%

Shares of TJX Companies stock opened at $123.00 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The firm’s 50-day moving average is $127.93 and its two-hundred day moving average is $124.16. The stock has a market cap of $137.40 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 2.94 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. During the same period last year, the business earned $0.93 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is currently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies 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.