Texas Permanent School Fund boosted its holdings in TJX Companies Inc (NYSE:TJX) by 76.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 248,913 shares of the apparel and home fashions retailer’s stock after buying an additional 108,143 shares during the period. Texas Permanent School Fund’s holdings in TJX Companies were worth $11,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Adirondack Trust Co. grew its position in TJX Companies by 100.0% in the 4th quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 290 shares during the period. Westside Investment Management Inc. grew its position in TJX Companies by 100.0% in the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 300 shares during the period. Edge Wealth Management LLC grew its position in TJX Companies by 100.0% in the 4th quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock valued at $29,000 after purchasing an additional 325 shares during the period. Sterling Investment Advisors Ltd. grew its position in TJX Companies by 100.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock valued at $29,000 after purchasing an additional 330 shares during the period. Finally, Lenox Wealth Advisors LLC grew its position in TJX Companies by 100.0% in the 4th quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock valued at $33,000 after purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

TJX has been the subject of several research reports. Telsey Advisory Group reduced their price target on shares of TJX Companies from $55.00 to $51.00 and set a “market perform” rating for the company in a research report on Wednesday, November 21st. Loop Capital lifted their price target on shares of TJX Companies from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Wednesday, February 27th. Credit Suisse Group reduced their price target on shares of TJX Companies from $54.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, November 21st. MKM Partners lifted their price target on shares of TJX Companies from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Jefferies Financial Group set a $50.00 price objective on TJX Companies and gave the company a “hold” rating in a research note on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.06.

In other news, Director Amy B. Lane sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total transaction of $51,790.00. Following the completion of the transaction, the director now owns 31,092 shares of the company’s stock, valued at $1,610,254.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

Shares of NYSE TJX traded down $0.37 during mid-day trading on Friday, reaching $51.73. 80,222 shares of the company’s stock were exchanged, compared to its average volume of 6,601,005. The stock has a market capitalization of $64.39 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.83 and a beta of 0.66. TJX Companies Inc has a 52 week low of $39.86 and a 52 week high of $56.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.53 and a quick ratio of 0.70.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The company had revenue of $11.13 billion during the quarter, compared to analyst estimates of $11.01 billion. During the same quarter last year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts expect that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

TJX Companies announced that its board has authorized a share buyback program on Wednesday, February 27th that permits the company to repurchase $2.25 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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

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