The TJX Companies, Inc. (NYSE:TJX) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,587 shares of the apparel and home fashions retailer’s stock after selling 24,030 shares during the period. State of Alaska Department of Revenue’s holdings in TJX Companies were worth $21,574,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TJX. Trivant Custom Portfolio Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the third quarter valued at $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at about $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.3 %

Shares of TJX Companies stock opened at $125.53 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The business’s fifty day moving average price is $123.29 and its two-hundred day moving average price is $118.49. The company has a market capitalization of $141.11 billion, a P/E ratio of 29.54, a PEG ratio of 3.05 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 for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors 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 annualized dividend and a yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TJX. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Morgan Stanley increased their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.53.

TJX Companies 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.