Retirement Systems of Alabama Acquires 351,887 Shares of The TJX Companies, Inc. (NYSE:TJX)

Retirement Systems of Alabama boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 143.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 597,794 shares of the apparel and home fashions retailer’s stock after buying an additional 351,887 shares during the quarter. Retirement Systems of Alabama’s holdings in TJX Companies were worth $72,219,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TJX. Trivant Custom Portfolio Group LLC bought a new position in shares of TJX Companies during the 4th quarter valued at about $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at about $29,000. Finally, Copeland Capital Management LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at about $30,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.7 %

TJX opened at $125.24 on Wednesday. The stock has a market cap of $140.79 billion, a PE ratio of 29.47, a PEG ratio of 3.05 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $123.31 and a 200-day moving average of $118.39. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

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 for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. Morgan Stanley increased their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, UBS Group increased their target price on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.67.

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.