Janney Capital Management LLC Sells 1,183 Shares of The TJX Companies, Inc. (NYSE:TJX)

Janney Capital Management LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,792 shares of the apparel and home fashions retailer’s stock after selling 1,183 shares during the period. Janney Capital Management LLC’s holdings in TJX Companies were worth $3,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at about $30,000. Promus Capital LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $32,000. Tacita Capital Inc purchased a new position in shares of TJX Companies during the fourth quarter worth about $38,000. Rialto Wealth Management LLC grew its holdings in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after purchasing an additional 179 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its holdings in shares of TJX Companies by 31.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer’s stock worth $53,000 after purchasing an additional 105 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE:TJX opened at $122.48 on Thursday. The firm has a market cap of $136.82 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.91 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The business has a 50 day moving average price of $127.86 and a 200-day moving average price of $124.14.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. TJX Companies’s dividend payout ratio is presently 40.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on TJX. UBS Group reissued a “buy” rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. TD Securities boosted their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Finally, Loop Capital set a $150.00 target price on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was 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 owns 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

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.