Maryland State Retirement & Pension System Sells 4,342 Shares of The TJX Companies, Inc. (NYSE:TJX)

Maryland State Retirement & Pension System lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,011 shares of the apparel and home fashions retailer’s stock after selling 4,342 shares during the period. Maryland State Retirement & Pension System’s holdings in TJX Companies were worth $7,371,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the fourth quarter worth about $26,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter worth about $30,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter valued at about $29,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX opened at $115.25 on Wednesday. The business has a 50-day moving average of $121.96 and a 200-day moving average of $120.17. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a market capitalization of $129.56 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

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.