Janney Capital Management LLC Buys 1,325 Shares of The TJX Companies, Inc. (NYSE:TJX)

Janney Capital Management LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,660 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,325 shares during the quarter. Janney Capital Management LLC’s holdings in TJX Companies were worth $3,604,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC boosted its holdings in shares of TJX Companies by 17.5% during the first quarter. Ashton Thomas Private Wealth LLC now owns 6,450 shares of the apparel and home fashions retailer’s stock worth $654,000 after acquiring an additional 962 shares during the period. Norden Group LLC bought a new position in TJX Companies during the 1st quarter worth $289,000. Diversify Advisory Services LLC acquired a new stake in shares of TJX Companies during the first quarter worth $236,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of TJX Companies by 3.7% in the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,795 shares of the apparel and home fashions retailer’s stock valued at $486,000 after acquiring an additional 170 shares during the period. Finally, Resonant Capital Advisors LLC acquired a new position in shares of TJX Companies in the first quarter valued at about $242,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several analyst reports. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird upped their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Loop Capital raised their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.76.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.6 %

TJX stock opened at $112.39 on Friday. The firm has a 50-day moving average price of $116.42 and a 200-day moving average price of $109.95. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $126.76 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.33%. TJX Companies’s dividend payout ratio is presently 36.23%.

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.