Teacher Retirement System of Texas Sells 400,255 Shares of The TJX Companies, Inc. (NYSE:TJX)

Teacher Retirement System of Texas decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 38.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 627,413 shares of the apparel and home fashions retailer’s stock after selling 400,255 shares during the period. Teacher Retirement System of Texas owned 0.06% of TJX Companies worth $76,419,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the fourth quarter worth $30,000. Promus Capital LLC bought a new position in TJX Companies during the 4th quarter worth about $32,000. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the 1st quarter valued at about $37,000. Rialto Wealth Management LLC lifted its holdings in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after purchasing an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC bought a new stake in shares of TJX Companies in the first quarter valued at about $52,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $125.27 on Thursday. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The firm has a 50 day moving average of $127.18 and a 200 day moving average of $123.99. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $139.94 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the company posted $0.93 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. UBS Group reiterated a “buy” rating and issued a $164.00 price target (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $141.53.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

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.