Janney Montgomery Scott LLC Decreases Holdings in TJX Companies Inc (TJX)

Janney Montgomery Scott LLC reduced its position in shares of TJX Companies Inc (NYSE:TJX) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 139,762 shares of the apparel and home fashions retailer’s stock after selling 9,813 shares during the quarter. Janney Montgomery Scott LLC’s holdings in TJX Companies were worth $10,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lowe Brockenbrough & Co. Inc. lifted its position in shares of TJX Companies by 5.9% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 49,232 shares of the apparel and home fashions retailer’s stock valued at $3,893,000 after acquiring an additional 2,755 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of TJX Companies by 265.3% during the 1st quarter. Bank of Nova Scotia now owns 186,712 shares of the apparel and home fashions retailer’s stock valued at $14,765,000 after acquiring an additional 135,603 shares during the last quarter. Achmea Investment Management B.V. acquired a new stake in shares of TJX Companies during the 1st quarter valued at $5,878,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of TJX Companies by 0.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 258,400 shares of the apparel and home fashions retailer’s stock valued at $20,434,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Hendley & Co. Inc. lifted its position in shares of TJX Companies by 0.3% during the 1st quarter. Hendley & Co. Inc. now owns 77,081 shares of the apparel and home fashions retailer’s stock valued at $6,096,000 after acquiring an additional 250 shares during the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Inc (TJX) traded down $0.58 on Tuesday, hitting $73.30. The stock had a trading volume of 6,002,300 shares, compared to its average volume of 4,223,671. The stock has a market capitalization of $46,714.51, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.77 and a beta of 0.75. TJX Companies Inc has a one year low of $66.44 and a one year high of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67.

TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. equities analysts expect that TJX Companies Inc will post 3.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.71%. TJX Companies’s payout ratio is currently 33.78%.

A number of brokerages have recently commented on TJX. Goldman Sachs Group downgraded TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective for the company. in a research report on Tuesday, December 5th. Nomura cut their price objective on TJX Companies from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Morgan Stanley cut their price objective on TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, November 15th. Buckingham Research cut their price objective on TJX Companies from $85.00 to $82.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $81.53.

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TJX Companies Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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