New Mexico Educational Retirement Board decreased its holdings in TJX Companies Inc (NYSE:TJX) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,380 shares of the apparel and home fashions retailer’s stock after selling 1,800 shares during the period. New Mexico Educational Retirement Board’s holdings in TJX Companies were worth $5,361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Enlightenment Research LLC bought a new position in shares of TJX Companies in the 2nd quarter worth approximately $220,000. Alpine Woods Capital Investors LLC grew its holdings in shares of TJX Companies by 2.6% during the second quarter. Alpine Woods Capital Investors LLC now owns 48,081 shares of the apparel and home fashions retailer’s stock valued at $2,543,000 after purchasing an additional 1,233 shares during the last quarter. Investment Counselors of Maryland LLC grew its holdings in shares of TJX Companies by 2.2% during the second quarter. Investment Counselors of Maryland LLC now owns 45,211 shares of the apparel and home fashions retailer’s stock valued at $2,391,000 after purchasing an additional 975 shares during the last quarter. Bbva USA Bancshares Inc. grew its holdings in shares of TJX Companies by 4.7% during the second quarter. Bbva USA Bancshares Inc. now owns 155,425 shares of the apparel and home fashions retailer’s stock valued at $8,219,000 after purchasing an additional 7,026 shares during the last quarter. Finally, Barrett Asset Management LLC grew its holdings in shares of TJX Companies by 0.9% during the second quarter. Barrett Asset Management LLC now owns 459,146 shares of the apparel and home fashions retailer’s stock valued at $24,280,000 after purchasing an additional 3,910 shares during the last quarter. Hedge funds and other institutional investors own 89.45% of the company’s stock.

A number of equities analysts have issued reports on the company. ValuEngine lowered TJX Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Nomura increased their price objective on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Credit Suisse Group increased their price objective on TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Argus reiterated a “buy” rating on shares of TJX Companies in a report on Wednesday, July 3rd. Finally, Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average target price of $59.25.

In other news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the transaction, the director now directly owns 28,771 shares in the company, valued at approximately $1,501,846.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

TJX traded up $1.67 during trading on Wednesday, reaching $53.18. 1,020,051 shares of the company’s stock were exchanged, compared to its average volume of 5,731,712. The company’s fifty day moving average price is $53.92 and its 200-day moving average price is $52.73. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.46 and a current ratio of 1.23. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $57.15. The firm has a market capitalization of $62.32 billion, a PE ratio of 25.21, a P/E/G ratio of 1.80 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. Research analysts forecast that TJX Companies Inc will post 2.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.73%. TJX Companies’s dividend payout ratio is presently 43.60%.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

Featured Story: Example of operating income, EBIT and EBITDA

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

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