Kentucky Retirement Systems Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Kentucky Retirement Systems decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,732 shares of the apparel and home fashions retailer’s stock after selling 6,609 shares during the period. Kentucky Retirement Systems’ holdings in TJX Companies were worth $9,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the 2nd quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter valued at about $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the third quarter valued at about $30,000. New Millennium Group LLC acquired a new stake in TJX Companies in the second quarter worth about $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of TJX Companies during the second quarter worth about $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $119.98 on Friday. The company has a market capitalization of $135.32 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company’s fifty day moving average price is $116.33 and its 200 day moving average price is $111.44. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $122.10.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, research analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Wednesday. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Bank of America upped their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI increased their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.41.

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.