The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board has increased its stake in The TJX Companies, Inc. by 8.6%, owning 961,623 shares worth approximately $117.1 million as of the latest SEC filing.
• TJX reported a quarterly earnings per share of $0.92, surpassing analyst estimates and exhibiting a 5.1% year-over-year increase in revenue.
• The company announced a quarterly dividend of $0.425 per share, translating to an annual yield of 1.3% with a payout ratio of 40%.

Public Sector Pension Investment Board increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 961,623 shares of the apparel and home fashions retailer's stock after purchasing an additional 76,055 shares during the period. Public Sector Pension Investment Board owned approximately 0.09% of TJX Companies worth $117,126,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. TCTC Holdings LLC raised its stake in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its holdings in TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new stake in TJX Companies in the 1st quarter valued at about $37,000. Finally, Rialto Wealth Management LLC boosted its stake in shares of TJX Companies by 105.9% in the 1st 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 period. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Finally, Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of "Buy" and an average target price of $141.33.

TJX Companies Stock Performance

TJX Companies stock traded down $1.11 during midday trading on Thursday, hitting $132.99. 3,763,205 shares of the company's stock were exchanged, compared to its average volume of 5,292,755. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a market cap of $148.56 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $110.24 and a 12-month high of $135.85. The firm's 50 day simple moving average is $125.72 and its 200 day simple moving average is $124.99.

TJX Companies (NYSE:TJX - Get Free Report) 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. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.425 dividend. 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 1.3%. TJX Companies's payout ratio is presently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company's stock.

TJX Companies 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.