Teacher Retirement System of Texas decreased its stake in shares of TJX Companies Inc (NYSE:TJX) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 827,587 shares of the apparel and home fashions retailer’s stock after selling 17,505 shares during the quarter. Teacher Retirement System of Texas owned about 0.13% of TJX Companies worth $59,727,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in TJX Companies by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after purchasing an additional 2,336,495 shares in the last quarter. BlackRock Inc. increased its stake in TJX Companies by 1,980.9% during the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after purchasing an additional 39,763,685 shares in the last quarter. State Street Corp increased its stake in TJX Companies by 6.6% during the 1st quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after purchasing an additional 1,773,046 shares in the last quarter. Wellington Management Group LLP increased its stake in TJX Companies by 19.2% during the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after purchasing an additional 3,339,536 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in TJX Companies by 63.7% during the 1st quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after purchasing an additional 3,275,506 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the transaction, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/09/tjx-companies-inc-tjx-holdings-cut-by-teacher-retirement-system-of-texas.html.

Shares of TJX Companies Inc (TJX) opened at 72.39 on Friday. The company’s 50-day moving average is $70.81 and its 200-day moving average is $74.38. TJX Companies Inc has a one year low of $66.65 and a one year high of $80.92. The stock has a market capitalization of $46.06 billion, a P/E ratio of 20.49 and a beta of 0.76.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.29 billion. TJX Companies had a net margin of 6.62% and a return on equity of 48.78%. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. On average, equities research analysts anticipate that TJX Companies Inc will post $3.93 earnings per share for the current year.

A number of research analysts have issued reports on TJX shares. BMO Capital Markets restated a “buy” rating and set a $85.00 price target on shares of TJX Companies in a research note on Thursday, June 8th. Morgan Stanley upgraded shares of TJX Companies from an “equal weight” rating to an “overweight” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 17th. BidaskClub upgraded shares of TJX Companies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Credit Suisse Group restated a “hold” rating and set a $79.00 price target on shares of TJX Companies in a research note on Wednesday, May 17th. Finally, Zacks Investment Research lowered shares of TJX Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $82.79.

TJX Companies Company Profile

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 were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

Receive News & Stock Ratings for TJX Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc and related stocks with our FREE daily email newsletter.