The TJX Companies, Inc. (NYSE:TJX) Position Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,826 shares of the apparel and home fashions retailer’s stock after selling 9,041 shares during the period. Public Employees Retirement Association of Colorado’s holdings in TJX Companies were worth $16,311,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. Valued Wealth Advisors LLC lifted its position in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares in the last quarter. First Pacific Financial acquired a new stake in TJX Companies during the 1st quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in shares of TJX Companies in the first quarter worth $30,000. Finally, AlphaMark Advisors LLC grew its holdings in shares of TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after buying an additional 122 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TJX shares. Sanford C. Bernstein increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. UBS Group increased their price target on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Barclays boosted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Robert W. Baird lifted their price target on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, TD Cowen increased their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $112.67.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,003 shares of company stock worth $5,060,941. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.7 %

Shares of TJX opened at $112.59 on Tuesday. The stock’s 50-day moving average price is $108.99 and its 200 day moving average price is $101.28. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $127.24 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.99 and a beta of 0.88. The TJX Companies, Inc. has a 12-month low of $85.27 and a 12-month high of $115.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. TJX Companies’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, research analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

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.