Louisiana State Employees Retirement System Sells 2,900 Shares of The TJX Companies, Inc. (NYSE:TJX)

Louisiana State Employees Retirement System cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,700 shares of the apparel and home fashions retailer’s stock after selling 2,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in TJX Companies were worth $7,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the third quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TJX shares. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Friday, December 6th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Robert W. Baird raised their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Trading Down 0.2 %

Shares of TJX Companies stock opened at $124.66 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a 50-day moving average of $123.23 and a 200-day moving average of $118.85. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a market cap of $140.14 billion, a PE ratio of 29.33, a PEG ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $13.95 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

About TJX Companies

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.