The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,700 shares of the apparel and home fashions retailer’s stock after purchasing an additional 24,300 shares during the period. Forsta AP Fonden’s holdings in TJX Companies were worth $38,165,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its stake in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies during the 2nd quarter valued at about $25,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. AlphaMark Advisors LLC raised its holdings in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in TJX Companies during the second quarter valued at approximately $34,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Robert W. Baird lifted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets upped their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Down 0.3 %

Shares of NYSE:TJX traded down $0.38 on Friday, reaching $113.82. The company had a trading volume of 2,686,905 shares, compared to its average volume of 5,254,148. The stock has a market capitalization of $128.37 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.91 and a beta of 0.89. The stock has a 50-day moving average price of $116.72 and a 200 day moving average price of $109.09. The TJX Companies, Inc. has a twelve month low of $86.92 and a twelve month high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

About TJX Companies

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.