Alecta Tjanstepension Omsesidigt Sells 1,379,000 Shares of The TJX Companies, Inc. (NYSE:TJX)

Alecta Tjanstepension Omsesidigt reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 18.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,097,165 shares of the apparel and home fashions retailer's stock after selling 1,379,000 shares during the period. TJX Companies accounts for about 4.2% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 4th largest holding. Alecta Tjanstepension Omsesidigt owned approximately 0.55% of TJX Companies worth $742,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC raised its position in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the 1st quarter valued at approximately $37,000. Finally, Rialto Wealth Management LLC raised its position in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target on the stock. Robert W. Baird boosted their target price on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. UBS Group reissued a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Daiwa America raised TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $141.06.

TJX Companies Stock Performance

NYSE TJX traded down $0.40 during trading hours on Tuesday, hitting $124.54. The company had a trading volume of 940,266 shares, compared to its average volume of 5,171,838. The business has a 50 day moving average of $126.19 and a 200-day moving average of $124.15. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. 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 company has a market cap of $139.12 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 2.85 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

TJX Companies Company 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.

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