Handelsbanken Fonder AB Has $69.42 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Handelsbanken Fonder AB reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,942 shares of the apparel and home fashions retailer's stock after selling 14,342 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.05% of TJX Companies worth $69,419,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new position in TJX Companies in the fourth quarter worth approximately $25,000. Millstone Evans Group LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new stake in TJX Companies in the fourth quarter valued at $32,000. Tacita Capital Inc purchased a new stake in TJX Companies in the 4th quarter valued at $38,000. Finally, Rialto Wealth Management LLC boosted its stake in 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 worth $42,000 after purchasing an additional 179 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Down 0.7%

NYSE TJX traded down $0.88 on Wednesday, reaching $125.16. The stock had a trading volume of 1,195,689 shares, compared to its average volume of 5,198,652. The company has a market capitalization of $139.82 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 1 year low of $106.18 and a 1 year high of $135.85. The business has a 50 day moving average price of $127.67 and a 200 day moving average price of $124.22. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. TJX Companies's payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird lifted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

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.