Maryland State Retirement & Pension System Sells 4,342 Shares of The TJX Companies, Inc. (NYSE:TJX)

Maryland State Retirement & Pension System reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 61,011 shares of the apparel and home fashions retailer’s stock after selling 4,342 shares during the period. Maryland State Retirement & Pension System’s holdings in TJX Companies were worth $7,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Xponance Inc. raised its position in shares of TJX Companies by 2.5% during the fourth quarter. Xponance Inc. now owns 228,587 shares of the apparel and home fashions retailer’s stock worth $27,616,000 after purchasing an additional 5,593 shares during the period. Generali Asset Management SPA SGR bought a new stake in TJX Companies during the 4th quarter valued at $9,128,000. Mirova US LLC acquired a new position in TJX Companies during the fourth quarter worth $119,009,000. Horizon Investments LLC lifted its stake in shares of TJX Companies by 2.7% in the fourth quarter. Horizon Investments LLC now owns 22,071 shares of the apparel and home fashions retailer’s stock valued at $2,666,000 after buying an additional 576 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of TJX Companies by 3.2% in the fourth quarter. Advisors Asset Management Inc. now owns 122,314 shares of the apparel and home fashions retailer’s stock valued at $14,777,000 after buying an additional 3,765 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.6 %

TJX Companies stock opened at $115.25 on Wednesday. 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 company has a market capitalization of $129.56 billion, a P/E ratio of 27.12, a P/E/G ratio of 2.75 and a beta of 0.96. The firm has a 50 day moving average price of $121.96 and a 200-day moving average price of $120.17. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen boosted their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.06.

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.