Arizona State Retirement System Buys 3,522 Shares of The TJX Companies, Inc. (NYSE:TJX)

Arizona State Retirement System grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 329,909 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,522 shares during the period. Arizona State Retirement System's holdings in TJX Companies were worth $40,183,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TJX. Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter valued at $1,670,565,000. GAMMA Investing LLC lifted its position in TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares during the last quarter. Capital Research Global Investors lifted its position in TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares during the last quarter. Northern Trust Corp lifted its position in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TJX. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. Barclays reaffirmed an "overweight" rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and a consensus target price of $141.06.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.47 during midday trading on Friday, reaching $123.69. The company had a trading volume of 4,145,943 shares, compared to its average volume of 5,208,034. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $138.17 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88. The stock has a fifty day simple moving average of $126.82 and a 200 day simple moving average of $124.12. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies's dividend payout ratio is 40.00%.

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.