Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 23,000 Shares of The TJX Companies, Inc. (NYSE:TJX)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in The TJX Companies, Inc. (NYSE:TJX) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 281,868 shares of the apparel and home fashions retailer’s stock after purchasing an additional 23,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in TJX Companies were worth $34,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. TCTC Holdings LLC raised its holdings in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TJX Companies during the first quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC increased its holdings in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after purchasing an additional 179 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $134.07 on Thursday. The firm has a market cap of $149.77 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The firm’s fifty day moving average is $125.72 and its 200-day moving average is $124.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TJX shares. Daiwa Capital Markets started coverage on shares of TJX Companies in a report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 target price on the stock. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reaffirmed an “overweight” rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $141.33.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares of the company’s stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.