AMF Tjanstepension AB Has $11.86 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

AMF Tjanstepension AB trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 64.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,122 shares of the apparel and home fashions retailer’s stock after selling 178,846 shares during the quarter. AMF Tjanstepension AB’s holdings in TJX Companies were worth $11,860,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Congress Asset Management Co. boosted its stake in shares of TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after purchasing an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $433,000. BLB&B Advisors LLC raised its position in shares of TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after acquiring an additional 2,201 shares during the last quarter. Empowered Funds LLC raised its position in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after acquiring an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new position in shares of TJX Companies during the fourth quarter worth about $604,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TJX has been the subject of a number of analyst reports. UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Barclays upped their target price on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Down 1.2 %

Shares of NYSE:TJX opened at $119.18 on Friday. The company has a market capitalization of $133.98 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The business has a fifty day moving average price of $122.77 and a two-hundred day moving average price of $120.32. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The firm 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%. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. TJX Companies’s payout ratio is 35.21%.

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.