The TJX Companies, Inc. (NYSE:TJX) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,781,754 shares of the apparel and home fashions retailer's stock after selling 48,502 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of TJX Companies worth $215,254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter worth $26,000. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies during the 4th quarter worth $30,000. Millstone Evans Group LLC acquired a new stake in TJX Companies during the 4th quarter worth $30,000. Finally, Promus Capital LLC acquired a new stake in TJX Companies during the 4th quarter worth $32,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Wells Fargo & Company lowered their price target on shares of TJX Companies from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $137.06.

TJX Companies Price Performance

Shares of TJX stock traded up $0.62 during trading hours on Wednesday, hitting $128.65. The company's stock had a trading volume of 5,684,446 shares, compared to its average volume of 5,365,321. The business has a fifty day moving average of $122.28 and a 200-day moving average of $121.70. The stock has a market cap of $143.72 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a twelve month low of $93.39 and a twelve month high of $131.30. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is presently 39.91%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.