Teachers Retirement System of The State of Kentucky Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Teachers Retirement System of The State of Kentucky grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,150 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,563 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in TJX Companies were worth $10,615,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TJX. Millstone Evans Group LLC purchased a new stake in TJX Companies during the 4th quarter valued at $30,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in TJX Companies by 58.8% in 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 buying an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its position in shares of TJX Companies by 99.3% during the first 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 in the last quarter. Inlight Wealth Management LLC bought a new position in TJX Companies during the first quarter valued at approximately $37,000. Finally, Rialto Wealth Management LLC boosted its position in shares of TJX Companies by 105.9% during 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 acquiring an additional 179 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.0%

TJX opened at $122.18 on Monday. The stock has a market capitalization of $136.49 billion, a PE ratio of 28.75, a P/E/G ratio of 2.85 and a beta of 0.88. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The business's 50 day moving average price is $126.19 and its 200 day moving average price is $124.15. 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 released its 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. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. TJX Companies's dividend payout ratio is presently 40.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, UBS Group reiterated a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $141.06.

Insiders Place Their Bets

In other TJX Companies 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 value of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently 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.

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