New York State Teachers Retirement System Sells 35,043 Shares of The TJX Companies, Inc. (NYSE:TJX)

New York State Teachers Retirement System trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 856,306 shares of the apparel and home fashions retailer's stock after selling 35,043 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of TJX Companies worth $104,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new stake in TJX Companies during the fourth quarter valued at about $30,000. Promus Capital LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $32,000. Inlight Wealth Management LLC bought a new stake in TJX Companies during the 1st quarter valued at approximately $37,000. Tacita Capital Inc bought a new stake in TJX Companies during the 4th quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC grew its holdings in 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 last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

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. Insiders own 0.13% of the company's stock.

TJX Companies Trading Up 1.4%

Shares of NYSE:TJX traded up $1.68 during trading on Tuesday, hitting $125.17. 5,078,603 shares of the company's stock were exchanged, compared to its average volume of 5,196,209. 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 firm has a market cap of $139.83 billion, a P/E ratio of 29.45, a PEG ratio of 2.93 and a beta of 0.88. The firm has a 50-day moving average price of $127.20 and a two-hundred day moving average price of $123.97. 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. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $0.93 EPS. Equities analysts predict 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. Investors of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies's dividend payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TJX shares. Robert W. Baird upped their price target on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. TD Securities increased their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. UBS Group restated a "buy" rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus 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.