Kentucky Retirement Systems Insurance Trust Fund Has $3.04 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 24.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,186 shares of the apparel and home fashions retailer’s stock after selling 8,275 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in TJX Companies were worth $3,043,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the third quarter worth about $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the third quarter worth about $30,000. Finally, Truvestments Capital LLC bought a new position in shares of TJX Companies during the third quarter worth about $29,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TJX. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. UBS Group raised their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.53.

TJX Companies Trading Down 1.2 %

NYSE TJX opened at $124.33 on Tuesday. The business has a 50 day simple moving average of $123.17 and a 200 day simple moving average of $119.19. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The stock has a market capitalization of $139.77 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.82 and a beta of 0.91. 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 announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued 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 1.21%. TJX Companies’s dividend payout ratio (DPR) is currently 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.