New York State Common Retirement Fund Acquires 40,900 Shares of The TJX Companies, Inc. (NYSE:TJX)

New York State Common Retirement Fund boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,618,108 shares of the apparel and home fashions retailer's stock after purchasing an additional 40,900 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of TJX Companies worth $195,484,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TJX. International Assets Investment Management LLC increased its holdings in TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer's stock valued at $140,008,000 after purchasing an additional 1,182,272 shares during the last quarter. Provident Trust Co. increased its holdings in shares of TJX Companies by 71.3% in the fourth quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after acquiring an additional 1,133,486 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of TJX Companies by 161.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer's stock worth $210,003,000 after acquiring an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of TJX Companies by 281.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer's stock worth $145,166,000 after acquiring an additional 911,351 shares in the last quarter. Finally, Canoe Financial LP increased its holdings in shares of TJX Companies by 564.0% in the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer's stock worth $128,568,000 after acquiring an additional 903,939 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of TJX stock traded down $1.90 on Friday, hitting $121.08. The company's stock had a trading volume of 5,692,049 shares, compared to its average volume of 4,322,778. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a market capitalization of $136.11 billion, a PE ratio of 28.49, a PEG ratio of 2.76 and a beta of 0.91. The stock's 50 day moving average is $122.93 and its 200-day moving average is $119.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.24%. TJX Companies's dividend payout ratio is 35.29%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. Finally, TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $134.18.

TJX Companies 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.