Forsta AP Fonden Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Forsta AP Fonden increased its stake in TJX Companies by 2.7%, bringing their total holdings to 331,400 shares, valued at approximately $40.4 million.
• Institutional investors own 91.09% of TJX's stock, with several funds significantly increasing their positions in the first quarter.
• Analysts have shown strong confidence in TJX, with a majority rating it as a buy and a current average price target of $141.06.

Forsta AP Fonden grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 331,400 shares of the apparel and home fashions retailer's stock after purchasing an additional 8,600 shares during the quarter. Forsta AP Fonden's holdings in TJX Companies were worth $40,365,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TJX. Clear Creek Financial Management LLC increased its position in TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after buying an additional 83 shares in the last quarter. Salem Investment Counselors Inc. increased its position in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after buying an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC increased its position in TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after buying an additional 93 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in TJX Companies by 0.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock valued at $1,724,000 after buying an additional 96 shares in the last quarter. Finally, Horizon Wealth Management LLC increased its position in TJX Companies by 2.0% during the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock valued at $602,000 after buying an additional 99 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TJX shares. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. TD Securities raised their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Barclays reaffirmed an "overweight" rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Performance

Shares of TJX traded down $0.34 during trading hours on Friday, hitting $131.64. The stock had a trading volume of 4,629,642 shares, compared to its average volume of 4,777,224. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The firm has a market capitalization of $147.06 billion, a PE ratio of 30.97, a PEG ratio of 3.07 and a beta of 0.89. The stock has a fifty day moving average price of $125.41 and a 200 day moving average price of $124.79.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 annualized dividend and a dividend yield of 1.3%. TJX Companies's payout ratio is presently 40.00%.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

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.