New York State Teachers Retirement System Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

New York State Teachers Retirement System trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 891,349 shares of the apparel and home fashions retailer's stock after selling 42,345 shares during the quarter. New York State Teachers Retirement System owned 0.08% of TJX Companies worth $107,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer's stock worth $140,008,000 after buying an additional 1,182,272 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of TJX Companies by 161.3% during 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 valued at $210,003,000 after buying an additional 1,102,912 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of TJX Companies by 281.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer's stock valued at $145,166,000 after buying an additional 911,351 shares during the period. Canoe Financial LP increased its position in shares of TJX Companies by 564.0% during the fourth quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer's stock valued at $128,568,000 after buying an additional 903,939 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of TJX Companies by 13.3% in the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock worth $850,428,000 after purchasing an additional 827,103 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on TJX shares. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 22nd. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $133.53.

TJX Companies Stock Performance

NYSE:TJX traded down $0.52 on Tuesday, hitting $123.82. The stock had a trading volume of 5,121,298 shares, compared to its average volume of 4,288,396. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $139.20 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The business's 50-day simple moving average is $123.14 and its two-hundred day simple moving average is $119.27.

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

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies's dividend payout ratio is presently 35.29%.

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.