Retirement Systems of Alabama Has $27.51 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Retirement Systems of Alabama lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 249,818 shares of the apparel and home fashions retailer’s stock after selling 1,723 shares during the quarter. Retirement Systems of Alabama’s holdings in TJX Companies were worth $27,505,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TJX. Valued Wealth Advisors LLC boosted its stake in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at about $25,000. Frazier Financial Advisors LLC bought a new stake in TJX Companies in the fourth quarter valued at about $27,000. First Pacific Financial bought a new stake in TJX Companies in the first quarter valued at about $29,000. Finally, OFI Invest Asset Management acquired a new position in TJX Companies in the first quarter worth about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Up 0.4 %

NYSE:TJX traded up $0.47 on Friday, hitting $119.47. 4,523,886 shares of the stock were exchanged, compared to its average volume of 5,595,220. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 1.21. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.06. The stock has a market capitalization of $135.02 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 3.14 and a beta of 0.88. The company’s 50-day moving average price is $112.08 and its 200 day moving average price is $103.43.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. TJX Companies’s dividend payout ratio is 37.22%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday. Sanford C. Bernstein lifted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Barclays upped their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

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.