State Board of Administration of Florida Retirement System decreased its holdings in The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,333,047 shares of the apparel and home fashions retailer's stock after selling 11,592 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.11% of TJX Companies worth $82,809,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Grayhawk Investment Strategies Inc. acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at $27,000. Northern Oak Wealth Management Inc. acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $28,000. Coston McIsaac & Partners acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $31,000. Finally, Goodman Advisory Group LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $47,000. Institutional investors own 91.30% of the company's stock.
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Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Citigroup lifted their target price on TJX Companies from $86.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, November 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $79.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, November 17th. Credit Suisse Group lifted their price objective on TJX Companies from $70.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, November 17th. Bank of America lifted their price objective on TJX Companies from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, November 17th. Finally, Wells Fargo & Company lifted their price objective on TJX Companies from $74.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 1st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $82.67.
TJX Companies Stock Down 0.6 %
Shares of TJX Companies stock traded down $0.46 during trading on Thursday, reaching $81.96. The stock had a trading volume of 196,982 shares, compared to its average volume of 5,117,526. The company has a market capitalization of $94.70 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 2.50 and a beta of 0.88. The stock has a fifty day moving average price of $80.07 and a two-hundred day moving average price of $71.08. The TJX Companies, Inc. has a 52 week low of $53.69 and a 52 week high of $83.13. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 0.50.
TJX Companies (NYSE:TJX – Get Rating) last issued its quarterly earnings results on Wednesday, November 16th. The apparel and home fashions retailer reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. The company had revenue of $12.17 billion for the quarter, compared to analyst estimates of $12.27 billion. TJX Companies had a return on equity of 62.97% and a net margin of 6.90%. Sell-side analysts predict that The TJX Companies, Inc. will post 3.12 EPS for the current fiscal year.
TJX Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th will be issued a $0.295 dividend. The ex-dividend date is Wednesday, February 8th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.44%. TJX Companies's dividend payout ratio (DPR) is 41.11%.
Insider Activity
In related news, Director Amy B. Lane sold 3,200 shares of the company's stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $78.86, for a total transaction of $252,352.00. Following the sale, the director now owns 26,531 shares in the company, valued at $2,092,234.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Amy B. Lane sold 3,200 shares of the company's stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $78.86, for a total transaction of $252,352.00. Following the sale, the director now owns 26,531 shares in the company, valued at $2,092,234.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 6,708 shares of the company's stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $79.99, for a total value of $536,572.92. Following the sale, the executive vice president now owns 51,627 shares in the company, valued at approximately $4,129,643.73. The disclosure for this sale can be found here. Insiders have sold a total of 30,231 shares of company stock worth $2,405,249 over the last three months. Corporate insiders own 0.19% of the company's stock.
About TJX Companies
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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.
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