Public Employees Retirement System of Ohio Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Public Employees Retirement System of Ohio decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 496,605 shares of the apparel and home fashions retailer's stock after selling 20,552 shares during the quarter. Public Employees Retirement System of Ohio's holdings in TJX Companies were worth $59,995,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of TJX Companies by 1.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after acquiring an additional 84 shares during the last quarter. Nwam LLC raised its stake in shares of TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after acquiring an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC increased its holdings in TJX Companies by 5.0% during the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after buying an additional 86 shares during the period. Capital Investment Advisory Services LLC increased its holdings in TJX Companies by 1.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after buying an additional 91 shares during the period. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in TJX Companies by 3.3% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,915 shares of the apparel and home fashions retailer's stock worth $352,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on TJX. UBS Group reiterated a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.65.

TJX Companies Stock Up 1.7%

TJX stock traded up $2.15 during midday trading on Tuesday, reaching $127.85. 7,080,531 shares of the company's stock traded hands, compared to its average volume of 5,338,578. The company has a market cap of $142.82 billion, a price-to-earnings ratio of 30.08, a P/E/G ratio of 2.75 and a beta of 0.94. The firm's fifty day moving average price is $126.16 and its 200-day moving average price is $123.68. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52 week low of $101.01 and a 52 week high of $135.85.

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 for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.33%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

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.