State of Alaska Department of Revenue Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

State of Alaska Department of Revenue cut its position in The TJX Companies, Inc. (NYSE:TJX) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,587 shares of the apparel and home fashions retailer’s stock after selling 24,030 shares during the period. State of Alaska Department of Revenue’s holdings in TJX Companies were worth $21,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Czech National Bank boosted its position in shares of TJX Companies by 6.7% during the 3rd quarter. Czech National Bank now owns 230,223 shares of the apparel and home fashions retailer’s stock worth $27,060,000 after acquiring an additional 14,413 shares in the last quarter. Callan Family Office LLC acquired a new position in TJX Companies in the third quarter valued at approximately $289,000. Alpha Cubed Investments LLC increased its stake in TJX Companies by 27.4% in the third quarter. Alpha Cubed Investments LLC now owns 2,485 shares of the apparel and home fashions retailer’s stock valued at $292,000 after purchasing an additional 535 shares during the last quarter. Evanson Asset Management LLC acquired a new stake in TJX Companies during the third quarter worth approximately $258,000. Finally, Atomi Financial Group Inc. raised its holdings in TJX Companies by 10.6% during the third quarter. Atomi Financial Group Inc. now owns 9,139 shares of the apparel and home fashions retailer’s stock worth $1,074,000 after purchasing an additional 875 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Morgan Stanley boosted their price objective 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, Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Stock Performance

Shares of TJX opened at $125.53 on Thursday. The company has a market capitalization of $141.11 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 3.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company’s 50 day simple moving average is $123.29 and its 200 day simple moving average is $118.49.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.