Public Sector Pension Investment Board Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Public Sector Pension Investment Board trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 91.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,252 shares of the apparel and home fashions retailer’s stock after selling 546,665 shares during the quarter. Public Sector Pension Investment Board’s holdings in TJX Companies were worth $5,789,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its holdings in TJX Companies by 12.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 6,380 shares of the apparel and home fashions retailer’s stock worth $702,000 after buying an additional 699 shares in the last quarter. DNB Asset Management AS raised its stake in shares of TJX Companies by 5.8% in the second quarter. DNB Asset Management AS now owns 198,049 shares of the apparel and home fashions retailer’s stock valued at $21,805,000 after acquiring an additional 10,828 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in TJX Companies in the second quarter valued at $549,000. Advance Capital Management Inc. grew its stake in TJX Companies by 116.8% during the 2nd quarter. Advance Capital Management Inc. now owns 6,457 shares of the apparel and home fashions retailer’s stock worth $711,000 after purchasing an additional 3,479 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in TJX Companies by 7.5% during the 2nd quarter. Quent Capital LLC now owns 3,788 shares of the apparel and home fashions retailer’s stock worth $417,000 after purchasing an additional 264 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.5 %

NYSE TJX opened at $125.69 on Friday. The firm’s fifty day moving average is $117.29 and its two-hundred day moving average is $113.36. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a market cap of $141.76 billion, a PE ratio of 29.57, a P/E/G ratio of 3.11 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the business posted $1.03 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 35.29%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TJX has been the subject of several recent research reports. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Morgan Stanley boosted their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company raised their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $129.47.

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.