State of New Jersey Common Pension Fund D Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

State of New Jersey Common Pension Fund D lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 420,941 shares of the apparel and home fashions retailer’s stock after selling 540 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in TJX Companies were worth $49,477,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in TJX Companies in the 1st quarter valued at $289,000. Empowered Funds LLC lifted its position in shares of TJX Companies by 57.0% in the first quarter. Empowered Funds LLC now owns 31,001 shares of the apparel and home fashions retailer’s stock worth $3,144,000 after buying an additional 11,260 shares in the last quarter. Sei Investments Co. boosted its stake in TJX Companies by 2.3% during the first quarter. Sei Investments Co. now owns 641,476 shares of the apparel and home fashions retailer’s stock valued at $65,060,000 after buying an additional 14,628 shares during the last quarter. Choate Investment Advisors grew its holdings in TJX Companies by 21.9% during the 1st quarter. Choate Investment Advisors now owns 150,405 shares of the apparel and home fashions retailer’s stock valued at $15,254,000 after buying an additional 26,991 shares in the last quarter. Finally, NorthRock Partners LLC increased its stake in TJX Companies by 19.4% in the 1st quarter. NorthRock Partners LLC now owns 7,468 shares of the apparel and home fashions retailer’s stock worth $757,000 after acquiring an additional 1,214 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.8 %

TJX stock traded up $0.98 during mid-day trading on Friday, reaching $117.83. The company had a trading volume of 5,785,802 shares, compared to its average volume of 4,498,502. The firm has a 50 day moving average of $116.07 and a 200 day moving average of $110.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $121.13. The company has a market capitalization of $132.90 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the business posted $0.85 EPS. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.15 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, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group raised their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

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.