Teacher Retirement System of Texas lowered its stake in shares of TJX Companies Inc (NYSE:TJX) by 16.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,226,713 shares of the apparel and home fashions retailer’s stock after selling 237,283 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of TJX Companies worth $64,869,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TJX. Glassman Wealth Services lifted its position in shares of TJX Companies by 9.7% during the 1st quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock valued at $114,000 after buying an additional 190 shares during the last quarter. Seelaus Asset Management LLC raised its stake in TJX Companies by 0.9% during the second quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock valued at $1,125,000 after buying an additional 200 shares during the last quarter. Sfmg LLC increased its holdings in shares of TJX Companies by 3.7% in the 2nd quarter. Sfmg LLC now owns 5,892 shares of the apparel and home fashions retailer’s stock worth $329,000 after purchasing an additional 210 shares in the last quarter. Clarus Wealth Advisors increased its holdings in shares of TJX Companies by 3.7% in the 2nd quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock worth $320,000 after purchasing an additional 218 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its holdings in shares of TJX Companies by 2.6% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock worth $456,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

Several equities analysts recently weighed in on the company. MKM Partners lifted their target price on TJX Companies to $62.00 in a research report on Thursday, May 23rd. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, May 24th. Cowen set a $63.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Tuesday, June 4th. Nomura boosted their price objective on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Finally, ValuEngine downgraded TJX Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.25.

In other news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the transaction, the director now owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

NYSE TJX traded up $1.41 during trading hours on Wednesday, hitting $52.92. 938,063 shares of the company were exchanged, compared to its average volume of 5,731,712. The stock has a 50-day moving average price of $53.92 and a 200 day moving average price of $52.73. The company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92. TJX Companies Inc has a 52 week low of $41.49 and a 52 week high of $57.15. The stock has a market cap of $62.32 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.80 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The company had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that TJX Companies Inc will post 2.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders 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 yield of 1.74%. TJX Companies’s payout ratio is currently 43.60%.

TJX Companies Profile

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.

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

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