Retirement Systems of Alabama Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Retirement Systems of Alabama reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,143 shares of the apparel and home fashions retailer’s stock after selling 7,710 shares during the quarter. Retirement Systems of Alabama’s holdings in TJX Companies were worth $23,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in TJX Companies in the 4th quarter valued at about $28,000. BKM Wealth Management LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $30,000. Larson Financial Group LLC raised its holdings in TJX Companies by 76.0% in the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after acquiring an additional 168 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of TJX Companies during the 4th quarter worth $40,000. Finally, Gradient Investments LLC boosted its holdings in shares of TJX Companies by 86.7% during the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after purchasing an additional 222 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BMO Capital Markets upped their target price on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. UBS Group raised their target price on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target for the company. in a research report on Monday, February 5th. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $102.65.

TJX Companies Trading Down 1.5 %

Shares of TJX opened at $94.90 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The stock has a market cap of $107.52 billion, a PE ratio of 24.59, a P/E/G ratio of 2.48 and a beta of 0.86. The stock’s 50-day moving average is $97.27 and its two-hundred day moving average is $93.98.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.20 billion. During the same period in the previous year, the company posted $0.89 EPS. TJX Companies’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts forecast that The TJX Companies, Inc. will post 4.07 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.58%. TJX Companies’s payout ratio is 34.46%.

TJX Companies declared that its board has approved a share repurchase program on Wednesday, February 28th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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.