The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,341 shares of the apparel and home fashions retailer’s stock after selling 1,209 shares during the period. Kentucky Retirement Systems’ holdings in TJX Companies were worth $9,396,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the 2nd quarter valued at approximately $25,000. Valued Wealth Advisors LLC raised its position in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth about $27,000. New Millennium Group LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at about $34,000. Finally, OFI Invest Asset Management purchased a new position in shares of TJX Companies in the 1st quarter valued at about $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $117.25 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The business’s 50 day moving average price is $114.68 and its 200 day moving average price is $105.93. The company has a market cap of $132.24 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Analysts Set New Price Targets

TJX has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Barclays boosted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Morgan Stanley lifted their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Company 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.