Public Sector Pension Investment Board Has $103.89 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Public Sector Pension Investment Board reduced its holdings in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,368,364 shares of the apparel and home fashions retailer’s stock after selling 2,830 shares during the quarter. Public Sector Pension Investment Board’s holdings in TJX Companies were worth $103,886,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Manchester Capital Management LLC raised its position in TJX Companies by 2.9% in the 4th quarter. Manchester Capital Management LLC now owns 5,380 shares of the apparel and home fashions retailer’s stock valued at $408,000 after buying an additional 150 shares during the last quarter. TrinityPoint Wealth LLC grew its stake in TJX Companies by 0.5% in the third quarter. TrinityPoint Wealth LLC now owns 29,551 shares of the apparel and home fashions retailer’s stock valued at $1,950,000 after purchasing an additional 152 shares in the last quarter. CWA Asset Management Group LLC grew its stake in TJX Companies by 3.7% in the third quarter. CWA Asset Management Group LLC now owns 4,387 shares of the apparel and home fashions retailer’s stock valued at $289,000 after purchasing an additional 156 shares in the last quarter. Eastern Bank grew its stake in TJX Companies by 0.4% in the fourth quarter. Eastern Bank now owns 45,301 shares of the apparel and home fashions retailer’s stock valued at $3,439,000 after purchasing an additional 163 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in TJX Companies by 4.0% in the third quarter. Proficio Capital Partners LLC now owns 4,383 shares of the apparel and home fashions retailer’s stock valued at $289,000 after purchasing an additional 169 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.

TJX stock traded up $2.75 during mid-day trading on Monday, hitting $60.62. The stock had a trading volume of 345,670 shares, compared to its average volume of 7,567,387. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.60. The TJX Companies, Inc. has a 52 week low of $53.69 and a 52 week high of $77.35. The firm has a market capitalization of $71.19 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.86 and a beta of 0.88. The firm has a fifty day simple moving average of $61.30 and a 200 day simple moving average of $66.97.

TJX Companies (NYSE:TJXGet Rating) last posted its quarterly earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same period last year, the company posted $0.44 EPS. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, equities analysts expect that The TJX Companies, Inc. will post 3.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 12th will be paid a $0.295 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.26. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, May 11th. TJX Companies’s dividend payout ratio (DPR) is presently 42.91%.

In other news, CFO Scott Goldenberg sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $62.03, for a total value of $1,860,900.00. Following the sale, the chief financial officer now directly owns 119,127 shares in the company, valued at approximately $7,389,447.81. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 35,827 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the completion of the sale, the executive vice president now owns 160,899 shares in the company, valued at $9,821,274.96. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

A number of research firms have weighed in on TJX. Deutsche Bank Aktiengesellschaft decreased their price target on TJX Companies from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Gordon Haskett reduced their target price on TJX Companies from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Bank of America reduced their target price on TJX Companies from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. StockNews.com started coverage on TJX Companies in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, Citigroup reduced their target price on TJX Companies from $81.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus price target of $77.60.

TJX Companies Profile (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

Further Reading

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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