The TJX Companies, Inc. (NYSE:TJX) Stake Boosted by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 30.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,963 shares of the apparel and home fashions retailer's stock after acquiring an additional 7,777 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in TJX Companies were worth $4,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $30,000. Promus Capital LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies during the first quarter valued at approximately $37,000. Tacita Capital Inc bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC raised its holdings in shares of TJX Companies by 105.9% during 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 buying an additional 179 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred 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 now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX traded up $0.81 during trading on Friday, hitting $123.35. The company had a trading volume of 6,729,044 shares, compared to its average volume of 5,187,178. The company has a market cap of $137.80 billion, a P/E ratio of 29.02, a PEG ratio of 2.92 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The business's 50-day moving average is $127.66 and its 200 day moving average is $124.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 yield of 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and an average price target of $141.53.

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.