Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 239,820 shares of the apparel and home fashions retailer’s stock after selling 6,203 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TJX Companies were worth $28,973,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $26,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the third quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new position in shares of TJX Companies in the third quarter worth about $30,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. BMO Capital Markets lifted their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Barclays boosted their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Finally, UBS Group boosted their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Price Performance

Shares of NYSE TJX opened at $116.12 on Friday. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a market cap of $130.54 billion, a P/E ratio of 27.32, a PEG ratio of 2.75 and a beta of 0.96. The company has a 50 day moving average of $121.76 and a 200 day moving average of $120.13. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction 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 approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

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.