Public Employees Retirement Association of Colorado Sells 9,041 Shares of The TJX Companies, Inc. (NYSE:TJX)

Public Employees Retirement Association of Colorado lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,826 shares of the apparel and home fashions retailer’s stock after selling 9,041 shares during the period. Public Employees Retirement Association of Colorado’s holdings in TJX Companies were worth $16,311,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Gradient Investments LLC raised its stake in TJX Companies by 86.7% in the 4th quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after purchasing an additional 222 shares in the last quarter. Quent Capital LLC raised its position in shares of TJX Companies by 7.0% in the fourth quarter. Quent Capital LLC now owns 3,134 shares of the apparel and home fashions retailer’s stock valued at $294,000 after buying an additional 204 shares in the last quarter. PFG Advisors bought a new stake in shares of TJX Companies in the fourth quarter valued at approximately $213,000. Fermata Advisors LLC grew its position in TJX Companies by 5.1% during the fourth quarter. Fermata Advisors LLC now owns 3,028 shares of the apparel and home fashions retailer’s stock worth $284,000 after buying an additional 146 shares in the last quarter. Finally, Harrell Investment Partners LLC increased its stake in TJX Companies by 3.3% during the 4th quarter. Harrell Investment Partners LLC now owns 33,027 shares of the apparel and home fashions retailer’s stock worth $3,098,000 after acquiring an additional 1,053 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on 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 owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 over the last ninety days. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.7 %

Shares of NYSE TJX opened at $112.59 on Tuesday. The firm has a 50 day moving average price of $108.99 and a two-hundred day moving average price of $101.28. The stock has a market cap of $127.24 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. The TJX Companies, Inc. has a 52-week low of $85.27 and a 52-week high of $115.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

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 for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Sanford C. Bernstein increased 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. TD Cowen increased their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. Robert W. Baird increased their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.67.

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.