The TJX Companies, Inc. (NYSE:TJX) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 312,282 shares of the apparel and home fashions retailer’s stock after selling 900 shares during the period. State of Michigan Retirement System’s holdings in TJX Companies were worth $31,672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TJX. Running Oak Capital LLC increased its holdings in shares of TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares during the period. New Mexico Educational Retirement Board increased its stake in TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after buying an additional 9,500 shares during the period. Ferguson Wellman Capital Management Inc. raised its position in shares of TJX Companies by 3.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after buying an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. bought a new stake in shares of TJX Companies during the 3rd quarter worth about $3,197,000. Finally, Gateway Investment Advisers LLC lifted its stake in shares of TJX Companies by 42.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after acquiring an additional 5,737 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

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

TJX Companies Stock Performance

TJX stock traded down $0.38 during midday trading on Tuesday, hitting $110.20. 4,760,411 shares of the company traded hands, compared to its average volume of 5,559,586. The TJX Companies, Inc. has a twelve month low of $82.25 and a twelve month high of $111.79. The stock has a market capitalization of $124.54 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The business has a 50 day simple moving average of $102.81 and a 200-day simple moving average of $98.44.

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

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s payout ratio is 37.22%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TJX shares. Evercore ISI set a $113.00 target price on TJX Companies in a report on Tuesday, May 21st. TD Cowen upped their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. Sanford C. Bernstein lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, Barclays lifted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.39.

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.