Today, Teacher Retirement System of Texas Reached $59,105,000 position of The TJX Cos. (TJX)

Today, Teacher Retirement System of Texas Reached $59,105,000 position  of The TJX Cos. (TJX)
Teacher Retirement System of Texas lowered its stake in shares of The TJX Cos. (NYSE:TJX) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 790,381 shares of the apparel and home fashions retailer’s stock after selling 22,774 shares during the period. Teacher Retirement System of Texas owned 0.12% of The TJX Cos. worth $59,105,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Atria Investments LLC purchased a new stake in shares of The TJX Cos. during the second quarter valued at $220,000. Forte Capital LLC ADV increased its stake in shares of The TJX Cos. by 1.0% in the second quarter. Forte Capital LLC ADV now owns 48,571 shares of the apparel and home fashions retailer’s stock valued at $3,751,000 after buying an additional 486 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in shares of The TJX Cos. by 2.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,082,960 shares of the apparel and home fashions retailer’s stock valued at $83,637,000 after buying an additional 22,819 shares during the period. Exxonmobil Investment Management Inc. TX increased its stake in shares of The TJX Cos. by 5.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 171,121 shares of the apparel and home fashions retailer’s stock valued at $13,216,000 after buying an additional 8,107 shares during the period. Finally, DNB Asset Management AS increased its stake in shares of The TJX Cos. by 3.2% in the second quarter. DNB Asset Management AS now owns 58,210 shares of the apparel and home fashions retailer’s stock valued at $4,496,000 after buying an additional 1,800 shares during the period. 86.82% of the stock is owned by institutional investors.

The TJX Cos. (NYSE:TJX) traded down 0.24% on Friday, hitting $79.24. 1,363,053 shares of the stock traded hands. The stock has a market cap of $52.43 billion, a price-to-earnings ratio of 23.21 and a beta of 0.69. The firm’s 50-day moving average price is $74.44 and its 200-day moving average price is $76.57. The TJX Cos. has a 12-month low of $65.64 and a 12-month high of $83.64.

The TJX Cos. (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, topping the 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 had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that The TJX Cos. will post $3.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The TJX Cos.’s dividend payout ratio (DPR) is 30.41%.

Several equities research analysts recently issued reports on the stock. Goldman Sachs Group Inc. restated a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a report on Monday, August 1st. BMO Capital Markets restated an “outperform” rating and issued a $85.00 target price on shares of The TJX Cos. in a report on Thursday, August 18th. Morgan Stanley restated a “hold” rating and issued a $77.00 target price on shares of The TJX Cos. in a report on Wednesday, August 17th. Nomura restated a “buy” rating and issued a $85.00 target price on shares of The TJX Cos. in a report on Wednesday, August 17th. Finally, Wedbush raised their target price on shares of The TJX Cos. from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The TJX Cos. presently has a consensus rating of “Buy” and an average price target of $83.64.

In other The TJX Cos. news, EVP Kenneth Canestrari sold 6,701 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $79.56, for a total value of $533,131.56. Following the transaction, the executive vice president now directly owns 64,871 shares in the company, valued at approximately $5,161,136.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.

About The TJX Cos.

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