State of New Jersey Common Pension Fund D Sells 7,701 Shares of The TJX Companies, Inc. (NYSE:TJX)

State of New Jersey Common Pension Fund D trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,240 shares of the apparel and home fashions retailer's stock after selling 7,701 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in TJX Companies were worth $49,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently 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 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 acquiring an additional 1,182,272 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in TJX Companies by 161.3% in the 3rd 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 TJX Companies by 281.6% in the 3rd 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. Canoe Financial LP increased its holdings in TJX Companies by 564.0% in the 4th 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. Finally, Nordea Investment Management AB boosted its stake in TJX Companies by 13.3% in the 4th 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 period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.3 %

TJX traded down $0.39 during trading on Thursday, reaching $123.04. The company had a trading volume of 4,662,851 shares, compared to its average volume of 4,281,277. The stock has a market cap of $138.31 billion, a P/E ratio of 28.95, a PEG ratio of 2.76 and a beta of 0.91. The business has a 50 day simple moving average of $123.00 and a 200-day simple moving average of $119.37. 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.

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

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.22%. TJX Companies's payout ratio is 35.29%.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. TD Cowen upped their price target on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Evercore ISI upped their price target on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Finally, StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $134.18.

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.