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Teachers Retirement System of The State of Kentucky Has $13.88 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

TJX Companies logo with Retail/Wholesale background

Teachers Retirement System of The State of Kentucky lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 33.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,070 shares of the apparel and home fashions retailer's stock after selling 60,667 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in TJX Companies were worth $13,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hartford Funds Management Co LLC raised its stake in TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock worth $2,107,000 after acquiring an additional 86 shares in the last quarter. Stablepoint Partners LLC raised its stake in TJX Companies by 0.3% during the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer's stock worth $3,164,000 after acquiring an additional 89 shares in the last quarter. Dearborn Partners LLC raised its stake in TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer's stock worth $260,000 after acquiring an additional 90 shares in the last quarter. Concorde Asset Management LLC raised its stake in TJX Companies by 2.8% during the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer's stock worth $367,000 after acquiring an additional 90 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its stake in TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock worth $318,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

TJX has been the subject of several research analyst reports. Morgan Stanley boosted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. UBS Group upped their price objective on TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, 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, December 6th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $130.89.

Read Our Latest Stock Report on TJX Companies

TJX Companies Trading Down 0.3 %

TJX stock traded down $0.39 during trading on Thursday, hitting $126.42. The company had a trading volume of 4,727,721 shares, compared to its average volume of 5,243,246. The stock has a market cap of $142.12 billion, a PE ratio of 29.84, a PEG ratio of 3.13 and a beta of 0.90. The TJX Companies, Inc. has a one year low of $88.58 and a one year high of $128.00. The business has a 50-day moving average of $118.68 and a 200-day moving average of $114.84. 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 posted 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 firm had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 EPS. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared 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 dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

TJX Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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