Public Employees Retirement Association of Colorado Reduces Stake in The TJX Cos. (TJX)
Public Employees Retirement Association of Colorado lowered its position in The TJX Cos. (NYSE:TJX) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 747,989 shares of the apparel and home fashions retailer’s stock after selling 8,474 shares during the period. Public Employees Retirement Association of Colorado owned about 0.11% of The TJX Cos. worth $57,767,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of TJX. Quadrant Capital Group LLC raised its stake in The TJX Cos. by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 2,686 shares of the apparel and home fashions retailer’s stock worth $198,000 after buying an additional 83 shares during the period. Diker Management LLC acquired a new position in shares of The TJX Cos. during the first quarter worth about $213,000. Douglas Lane & Associates LLC acquired a new position in shares of The TJX Cos. during the second quarter worth about $218,000. Atria Investments LLC acquired a new position in shares of The TJX Cos. during the second quarter worth about $220,000. Finally, M&R Capital Management Inc. acquired a new position in shares of The TJX Cos. during the first quarter worth about $224,000. Institutional investors and hedge funds own 88.78% of the company’s stock.
The TJX Cos. (NYSE:TJX) traded down 0.65% during midday trading on Friday, hitting $73.74. The company’s stock had a trading volume of 5,032,717 shares. The TJX Cos. has a 12 month low of $63.53 and a 12 month high of $83.64. The company’s 50 day moving average price is $76.24 and its 200 day moving average price is $77.25. The firm has a market cap of $48.42 billion, a P/E ratio of 21.41 and a beta of 0.65.
The TJX Cos. (NYSE:TJX) last posted its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The business earned $7.88 billion during the quarter, compared to the consensus estimate of $7.85 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. Analysts expect that The TJX Cos. will post $3.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio (DPR) is presently 30.15%.
A number of research analysts have recently issued reports on TJX shares. Wells Fargo & Co. reissued a “buy” rating on shares of The TJX Cos. in a research note on Monday, June 27th. BMO Capital Markets reissued an “outperform” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research note on Thursday, June 30th. Miller Tabak started coverage on The TJX Cos. in a research note on Friday, June 24th. They issued a “buy” rating and a $91.00 price objective on the stock. Zacks Investment Research downgraded The TJX Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of The TJX Cos. in a research note on Tuesday, June 14th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.44.
About The TJX Cos.
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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