Public Sector Pension Investment Board Acquires 34,361 Shares of The TJX Companies, Inc. (NYSE:TJX)

Public Sector Pension Investment Board increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 595,917 shares of the apparel and home fashions retailer’s stock after buying an additional 34,361 shares during the quarter. Public Sector Pension Investment Board owned about 0.05% of TJX Companies worth $65,610,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dearborn Partners LLC boosted its stake in TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after buying an additional 90 shares during the period. Concorde Asset Management LLC boosted its stake in shares of TJX Companies by 2.8% during the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 90 shares during the period. Wambolt & Associates LLC grew its holdings in TJX Companies by 1.4% during the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after purchasing an additional 94 shares during the last quarter. Armbruster Capital Management Inc. raised its position in TJX Companies by 4.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after purchasing an additional 97 shares during the period. Finally, Aprio Wealth Management LLC lifted its stake in TJX Companies by 4.8% in the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of TJX stock opened at $117.93 on Monday. The company’s 50 day moving average is $114.83 and its 200 day moving average is $106.28. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $133.28 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is currently 37.22%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TJX shares. TD Cowen increased their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. UBS Group increased their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.