Kentucky Retirement Systems Insurance Trust Fund Has $3.04 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,186 shares of the apparel and home fashions retailer's stock after selling 8,275 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in TJX Companies were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TJX. 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 acquiring an additional 1,182,272 shares in the last quarter. Provident Trust Co. lifted its holdings in TJX Companies by 71.3% during the 4th quarter. Provident Trust Co. now owns 2,723,149 shares of the apparel and home fashions retailer's stock worth $328,984,000 after buying an additional 1,133,486 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in TJX Companies by 161.3% during 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 buying an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in TJX Companies by 281.6% during 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 buying an additional 911,351 shares in the last quarter. Finally, Canoe Financial LP lifted its holdings in TJX Companies by 564.0% during 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 buying an additional 903,939 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group upped their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Jefferies Financial Group upped their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Robert W. Baird upped 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. Finally, Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $134.18.

TJX Companies Trading Down 1.5 %

Shares of TJX traded down $1.90 during trading hours on Friday, reaching $121.08. The stock had a trading volume of 5,692,049 shares, compared to its average volume of 4,322,778. 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 TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm has a 50-day moving average of $122.86 and a 200 day moving average of $119.48. The company has a market cap of $136.11 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.76 and a beta of 0.91.

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

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) 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.