The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 255,644 shares of the apparel and home fashions retailer’s stock after selling 1,373 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TJX Companies were worth $30,884,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TJX. Baker Ellis Asset Management LLC boosted its holdings in TJX Companies by 39.8% during the fourth quarter. Baker Ellis Asset Management LLC now owns 3,795 shares of the apparel and home fashions retailer’s stock worth $458,000 after buying an additional 1,080 shares in the last quarter. Phillips Wealth Planners LLC boosted its holdings in TJX Companies by 34.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 5,842 shares of the apparel and home fashions retailer’s stock worth $701,000 after buying an additional 1,507 shares in the last quarter. Dupont Capital Management Corp boosted its holdings in TJX Companies by 21.5% during the fourth quarter. Dupont Capital Management Corp now owns 122,048 shares of the apparel and home fashions retailer’s stock worth $14,745,000 after buying an additional 21,609 shares in the last quarter. Daymark Wealth Partners LLC boosted its holdings in TJX Companies by 0.7% during the fourth quarter. Daymark Wealth Partners LLC now owns 18,356 shares of the apparel and home fashions retailer’s stock worth $2,218,000 after buying an additional 130 shares in the last quarter. Finally, Albion Financial Group UT boosted its holdings in TJX Companies by 38.4% during the fourth quarter. Albion Financial Group UT now owns 7,396 shares of the apparel and home fashions retailer’s stock worth $893,000 after buying an additional 2,053 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TJX. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Up 0.0 %

TJX Companies stock opened at $122.61 on Friday. The company has a market capitalization of $137.83 billion, a P/E ratio of 28.85, a P/E/G ratio of 3.00 and a beta of 0.91. The firm’s fifty day simple moving average is $122.79 and its 200-day simple moving average is $117.79. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio is currently 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.