The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 77,663 shares of the apparel and home fashions retailer’s stock after selling 1,069 shares during the period. Kentucky Retirement Systems’ holdings in TJX Companies were worth $9,382,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday. Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Evercore ISI boosted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.18.

TJX Companies Price Performance

Shares of TJX stock opened at $123.04 on Friday. The company has a market capitalization of $138.31 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. The firm has a fifty day simple moving average of $122.93 and a 200-day simple moving average of $119.40. 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 TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.