New Mexico Educational Retirement Board Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

New Mexico Educational Retirement Board raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,380 shares of the apparel and home fashions retailer’s stock after acquiring an additional 9,500 shares during the period. New Mexico Educational Retirement Board’s holdings in TJX Companies were worth $7,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of TJX Companies in the fourth quarter worth about $1,193,438,000. Schroder Investment Management Group boosted its position in shares of TJX Companies by 350.9% in the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock worth $184,714,000 after buying an additional 1,617,367 shares during the period. Nordea Investment Management AB boosted its position in shares of TJX Companies by 23.2% in the fourth quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock worth $554,156,000 after buying an additional 1,107,937 shares during the period. Canoe Financial LP boosted its position in shares of TJX Companies by 22,145.7% in the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after buying an additional 1,107,287 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock worth $9,025,157,000 after buying an additional 1,071,078 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Telsey Advisory Group boosted their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. Finally, The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $110.39.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX stock traded down $0.45 on Friday, reaching $110.10. The company’s stock had a trading volume of 12,781,419 shares, compared to its average volume of 6,462,926. The TJX Companies, Inc. has a 52 week low of $82.25 and a 52 week high of $111.79. The company has a market capitalization of $124.43 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.94 and a beta of 0.87. The firm has a fifty day moving average of $102.48 and a two-hundred day moving average of $98.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS. As a group, analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is currently 37.22%.

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.