Utah Retirement Systems Maintains Position in The TJX Cos. (TJX)
Utah Retirement Systems maintained its stake in The TJX Cos. (NYSE:TJX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,021 shares of the apparel and home fashions retailer’s stock at the end of the third quarter. Utah Retirement Systems’ holdings in The TJX Cos. were worth $9,050,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Global X Management Co. LLC raised its stake in The TJX Cos. by 143.1% in the second quarter. Global X Management Co. LLC now owns 1,405 shares of the apparel and home fashions retailer’s stock valued at $109,000 after buying an additional 827 shares during the period. Signaturefd LLC raised its stake in The TJX Cos. by 4.0% in the second quarter. Signaturefd LLC now owns 1,641 shares of the apparel and home fashions retailer’s stock valued at $127,000 after buying an additional 63 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in The TJX Cos. during the second quarter valued at approximately $131,000. Point72 Asia Hong Kong Ltd purchased a new stake in The TJX Cos. during the second quarter valued at approximately $131,000. Finally, Westbourne Investment Advisors Inc. purchased a new stake in The TJX Cos. during the second quarter valued at approximately $143,000. Institutional investors own 85.94% of the company’s stock.
The TJX Cos. (NYSE:TJX) traded down 0.095% during trading on Wednesday, reaching $78.735. The company had a trading volume of 1,828,086 shares. The company has a market capitalization of $52.10 billion, a PE ratio of 23.062 and a beta of 0.69. The stock has a 50 day moving average price of $74.73 and a 200-day moving average price of $76.63. The TJX Cos. has a 52-week low of $65.64 and a 52-week high of $83.64.
The TJX Cos. (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The TJX Cos. had a net margin of 7.00% and a return on equity of 53.12%. The business earned $8.29 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the company posted $0.86 EPS. The company’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that The TJX Cos. will post $3.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. The TJX Cos.’s dividend payout ratio (DPR) is 30.41%.
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TJX has been the topic of several recent research reports. Jefferies Group restated a “hold” rating and set a $77.00 target price on shares of The TJX Cos. in a report on Wednesday, November 16th. Telsey Advisory Group boosted their target price on The TJX Cos. from $78.00 to $80.00 and gave the stock a “market perform” rating in a report on Wednesday, November 16th. Goldman Sachs Group Inc. restated a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a report on Wednesday, August 17th. RBC Capital Markets lowered their target price on The TJX Cos. from $84.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, November 16th. Finally, Zacks Investment Research upgraded The TJX Cos. from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Wednesday, November 16th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $83.64.
In other news, EVP Kenneth Canestrari sold 6,701 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $79.56, for a total transaction of $533,131.56. Following the completion of the transaction, the executive vice president now directly owns 64,871 shares of the company’s stock, valued at approximately $5,161,136.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.
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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