Public Employees Retirement Association of Colorado Has $18.08 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Public Employees Retirement Association of Colorado reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,679 shares of the apparel and home fashions retailer's stock after selling 6,601 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in TJX Companies were worth $18,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bogart Wealth LLC bought a new position in shares of TJX Companies during the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies during the 4th quarter worth $26,000. SOA Wealth Advisors LLC. bought a new position in TJX Companies during the fourth quarter worth about $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies in the fourth quarter valued at about $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies in the fourth quarter worth about $32,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of TJX opened at $126.64 on Monday. The company has a market cap of $141.47 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.75 and a beta of 0.86. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company's fifty day simple moving average is $121.95 and its 200 day simple moving average is $121.51. The TJX Companies, Inc. has a 1-year low of $93.39 and a 1-year high of $131.30.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business 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. This represents a $1.70 dividend on an annualized basis and a yield of 1.34%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's payout ratio is 39.91%.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, BMO Capital Markets upped their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.38.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction 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 sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate 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.

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