Kentucky Retirement Systems Decreases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Kentucky Retirement Systems cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,732 shares of the apparel and home fashions retailer's stock after selling 6,609 shares during the quarter. Kentucky Retirement Systems' holdings in TJX Companies were worth $9,254,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TJX. Stablepoint Partners LLC grew its holdings in shares of TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer's stock valued at $3,164,000 after purchasing an additional 89 shares in the last quarter. Dearborn Partners LLC lifted its position in TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer's stock valued at $260,000 after purchasing an additional 90 shares during the last quarter. Concorde Asset Management LLC grew its stake in shares of TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer's stock worth $367,000 after buying an additional 90 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in shares of TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock worth $318,000 after buying an additional 90 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of TJX Companies by 3.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer's stock valued at $295,000 after buying an additional 91 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Evercore ISI boosted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Barclays upped their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Finally, TD Cowen raised their target price on shares of TJX Companies from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average price target of $127.41.

TJX Companies Trading Up 0.1 %

Shares of NYSE TJX traded up $0.06 during midday trading on Friday, reaching $119.97. 5,103,496 shares of the stock were exchanged, compared to its average volume of 4,488,200. The stock has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $122.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company has a 50 day simple moving average of $116.33 and a 200 day simple moving average of $111.44.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts' expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies's dividend payout ratio (DPR) is currently 36.23%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business'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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

TJX Companies Company 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.