Janus Henderson Group PLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Janus Henderson Group PLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,018,894 shares of the apparel and home fashions retailer’s stock after purchasing an additional 146,139 shares during the quarter. Janus Henderson Group PLC owned approximately 0.71% of TJX Companies worth $968,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Jefferies Financial Group Inc. grew its position in shares of TJX Companies by 289.6% during the 4th quarter. Jefferies Financial Group Inc. now owns 23,105 shares of the apparel and home fashions retailer’s stock valued at $2,791,000 after acquiring an additional 17,175 shares during the period. Guardian Wealth Advisors LLC NC grew its holdings in TJX Companies by 7.5% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 2,676 shares of the apparel and home fashions retailer’s stock valued at $323,000 after purchasing an additional 186 shares during the period. Gotham Asset Management LLC increased its position in TJX Companies by 39.1% in the fourth quarter. Gotham Asset Management LLC now owns 129,220 shares of the apparel and home fashions retailer’s stock worth $15,611,000 after buying an additional 36,332 shares in the last quarter. Focus Partners Wealth increased its position in TJX Companies by 23.9% in the fourth quarter. Focus Partners Wealth now owns 622,646 shares of the apparel and home fashions retailer’s stock worth $77,996,000 after buying an additional 120,200 shares in the last quarter. Finally, Francis Financial Inc. raised its stake in shares of TJX Companies by 11.0% in the fourth quarter. Francis Financial Inc. now owns 2,356 shares of the apparel and home fashions retailer’s stock worth $285,000 after buying an additional 233 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TJX shares. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Wells Fargo & Company decreased their price target on TJX Companies from $125.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley dropped their price objective on TJX Companies from $136.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.94.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

TJX Companies stock opened at $128.16 on Friday. The TJX Companies, Inc. has a 52-week low of $97.53 and a 52-week high of $131.30. The company has a market cap of $143.17 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.75 and a beta of 0.94. The firm’s fifty day moving average is $123.03 and its 200 day moving average is $122.33. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is currently 39.91%.

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.