State of Alaska Department of Revenue Sells 16,770 Shares of The TJX Companies, Inc. (NYSE:TJX)

State of Alaska Department of Revenue reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,217 shares of the apparel and home fashions retailer’s stock after selling 16,770 shares during the period. State of Alaska Department of Revenue’s holdings in TJX Companies were worth $22,536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock worth $9,025,157,000 after purchasing an additional 1,071,078 shares during the period. Morgan Stanley boosted its holdings in TJX Companies by 1.5% in the 3rd quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after buying an additional 371,163 shares during the period. Royal Bank of Canada increased its stake in TJX Companies by 7.9% in the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after buying an additional 1,046,148 shares in the last quarter. Norges Bank bought a new stake in TJX Companies during the fourth quarter valued at about $1,193,438,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of TJX Companies by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,534,165 shares of the apparel and home fashions retailer’s stock valued at $612,970,000 after acquiring an additional 115,304 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Up 0.2 %

Shares of NYSE TJX traded up $0.19 during trading hours on Wednesday, hitting $110.39. 2,277,510 shares of the company traded hands, compared to its average volume of 5,535,280. The company’s 50 day moving average price is $103.12 and its 200 day moving average price is $98.59. The TJX Companies, Inc. has a 12 month low of $82.25 and a 12 month high of $111.79. The stock has a market capitalization of $124.76 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. Sanford C. Bernstein increased their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. BMO Capital Markets upped their target price on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Barclays lifted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.50.

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.