Public Employees Retirement System of Ohio reduced its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,605 shares of the apparel and home fashions retailer’s stock after selling 20,552 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TJX Companies were worth $59,995,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in TJX. Norges Bank bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $1,670,565,000. Raymond James Financial Inc. bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $570,342,000. Capital Research Global Investors boosted its position in shares of TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Northern Trust Corp boosted its position in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. 91.09% of the stock is owned by institutional investors.
TJX Companies Price Performance
Shares of TJX opened at $129.47 on Friday. The firm has a market cap of $144.63 billion, a PE ratio of 30.46, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $125.79 and a two-hundred day simple moving average of $123.44. The TJX Companies, Inc. has a 1-year low of $99.22 and a 1-year high of $135.85.
TJX Companies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.31%. TJX Companies’s payout ratio is currently 39.91%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Barclays boosted their price target on TJX Companies from $137.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday. Cowen reissued a “buy” rating on shares of TJX Companies in a research report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on TJX Companies from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.50.
View Our Latest Stock Analysis on TJX Companies
Insider Buying and Selling at TJX Companies
In other news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.
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.
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