Employees Retirement System of Texas Buys 105,000 Shares of The TJX Companies, Inc. (NYSE:TJX)

Employees Retirement System of Texas boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 21.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 606,000 shares of the apparel and home fashions retailer’s stock after acquiring an additional 105,000 shares during the quarter. Employees Retirement System of Texas owned 0.05% of TJX Companies worth $51,383,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Adero Partners LLC raised its stake in TJX Companies by 4.5% during the second quarter. Adero Partners LLC now owns 2,807 shares of the apparel and home fashions retailer’s stock worth $238,000 after purchasing an additional 121 shares during the period. First Business Financial Services Inc. increased its stake in TJX Companies by 0.7% during the second quarter. First Business Financial Services Inc. now owns 18,064 shares of the apparel and home fashions retailer’s stock worth $1,532,000 after acquiring an additional 121 shares during the last quarter. Chatham Capital Group Inc. raised its position in TJX Companies by 1.7% in the second quarter. Chatham Capital Group Inc. now owns 7,627 shares of the apparel and home fashions retailer’s stock valued at $647,000 after purchasing an additional 125 shares during the period. Alpha Financial Partners LLC lifted its stake in shares of TJX Companies by 2.5% in the 1st quarter. Alpha Financial Partners LLC now owns 5,337 shares of the apparel and home fashions retailer’s stock valued at $418,000 after purchasing an additional 129 shares during the last quarter. Finally, Tradition Wealth Management LLC grew its holdings in shares of TJX Companies by 3.7% during the 1st quarter. Tradition Wealth Management LLC now owns 3,672 shares of the apparel and home fashions retailer’s stock worth $288,000 after purchasing an additional 132 shares during the period. 89.28% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

TJX Companies stock traded down $0.46 during trading hours on Tuesday, reaching $89.08. 2,037,969 shares of the stock were exchanged, compared to its average volume of 5,027,461. The TJX Companies, Inc. has a 52-week low of $72.92 and a 52-week high of $93.78. The stock has a market cap of $101.91 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.56 and a current ratio of 1.19. The firm’s 50 day moving average is $89.63 and its 200 day moving average is $85.88.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. TJX Companies had a return on equity of 62.67% and a net margin of 7.85%. The company had revenue of $13.27 billion for the quarter, compared to analysts’ expectations of $13.09 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 3.74 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a dividend of $0.3325 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.33 annualized dividend and a yield of 1.49%. TJX Companies’s dividend payout ratio is presently 37.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley upped their price target on TJX Companies from $99.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, November 16th. Loop Capital increased their price objective on TJX Companies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, September 6th. JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $104.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 17th. BMO Capital Markets lifted their price target on TJX Companies from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Finally, Robert W. Baird raised their target price on TJX Companies from $90.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, August 17th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.11.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 35,907 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $89.29, for a total transaction of $3,206,136.03. Following the completion of the transaction, the chief executive officer now directly owns 595,191 shares of the company’s stock, valued at approximately $53,144,604.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 35,907 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.29, for a total value of $3,206,136.03. Following the completion of the transaction, the chief executive officer now directly owns 595,191 shares in the company, valued at approximately $53,144,604.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total value of $5,906,773.21. Following the completion of the sale, the chairman now directly owns 135,050 shares in the company, valued at $12,307,106.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,921 shares of company stock worth $9,490,639. 0.13% of the stock is owned by corporate insiders.

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.