Janus Henderson Group PLC Sells 512,443 Shares of The TJX Companies, Inc. (NYSE:TJX)

Janus Henderson Group PLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 6.1% during the third quarter, HoldingsChannel reports. The fund owned 7,872,755 shares of the apparel and home fashions retailer’s stock after selling 512,443 shares during the quarter. Janus Henderson Group PLC’s holdings in TJX Companies were worth $925,339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TJX. Mather Group LLC. boosted its stake in shares of TJX Companies by 8.4% in the 2nd quarter. Mather Group LLC. now owns 9,056 shares of the apparel and home fashions retailer’s stock valued at $918,000 after buying an additional 703 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in TJX Companies by 9.7% during the second quarter. Kingswood Wealth Advisors LLC now owns 8,756 shares of the apparel and home fashions retailer’s stock worth $964,000 after purchasing an additional 772 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of TJX Companies by 6.1% during the second quarter. Park Avenue Securities LLC now owns 67,753 shares of the apparel and home fashions retailer’s stock valued at $7,460,000 after purchasing an additional 3,915 shares during the period. CWM LLC boosted its position in shares of TJX Companies by 6.3% in the 2nd quarter. CWM LLC now owns 97,057 shares of the apparel and home fashions retailer’s stock valued at $10,686,000 after purchasing an additional 5,753 shares during the period. Finally, Cullinan Associates Inc. raised its stake in shares of TJX Companies by 74.5% in the 2nd quarter. Cullinan Associates Inc. now owns 85,969 shares of the apparel and home fashions retailer’s stock valued at $9,465,000 after acquiring an additional 36,694 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TJX shares. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group increased their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Bank of America upped their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Loop Capital raised their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.47.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $126.18 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $142.31 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The business’s fifty day simple moving average is $117.29 and its 200-day simple moving average is $113.46. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $128.00.

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

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

About TJX Companies

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.