Public Employees Retirement System of Ohio Sells 12,065 Shares of The TJX Companies, Inc. (NYSE:TJX)

Public Employees Retirement System of Ohio lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,157 shares of the apparel and home fashions retailer's stock after selling 12,065 shares during the quarter. Public Employees Retirement System of Ohio's holdings in TJX Companies were worth $60,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the second quarter valued at $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TJX. Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday. Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $130.89.

TJX Companies Trading Down 0.0 %

NYSE:TJX traded down $0.04 during midday trading on Monday, hitting $126.05. 3,375,172 shares of the company traded hands, compared to its average volume of 5,227,680. The firm has a market capitalization of $141.70 billion, a P/E ratio of 29.67, a P/E/G ratio of 3.10 and a beta of 0.90. The firm's fifty day moving average is $118.09 and its 200-day moving average is $114.40. The TJX Companies, Inc. has a 12-month low of $88.58 and a 12-month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. During the same period in the previous year, the company earned $1.03 EPS. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies's payout ratio is 35.29%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.