State of Tennessee Department of Treasury Sells 17,923 Shares of The TJX Companies, Inc. (NYSE:TJX)

State of Tennessee Department of Treasury lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 410,342 shares of the apparel and home fashions retailer's stock after selling 17,923 shares during the quarter. State of Tennessee Department of Treasury's holdings in TJX Companies were worth $49,573,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $26,000. SOA Wealth Advisors LLC. bought a new stake in TJX Companies in the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC acquired a new stake in TJX Companies during the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new position in TJX Companies during the 4th quarter worth approximately $32,000. Institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

TJX traded down $0.18 on Wednesday, hitting $125.53. The company's stock had a trading volume of 5,612,887 shares, compared to its average volume of 5,384,180. The TJX Companies, Inc. has a 12 month low of $93.39 and a 12 month high of $131.30. The firm has a market cap of $140.23 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. 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 company's 50 day simple moving average is $121.83 and its 200-day simple moving average is $121.18.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.35%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 39.91%.

Wall Street Analyst Weigh In

TJX has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Barclays raised their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and upped their price objective for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Finally, StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $135.76.

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.