KLP Kapitalforvaltning AS Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

KLP Kapitalforvaltning AS lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 494,500 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in TJX Companies were worth $60,230,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Clear Creek Financial Management LLC lifted its holdings in shares of TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after buying an additional 83 shares during the period. Salem Investment Counselors Inc. lifted its holdings in shares of TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after buying an additional 86 shares during the period. Amplius Wealth Advisors LLC lifted its holdings in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after buying an additional 93 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of TJX Companies by 0.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock worth $1,724,000 after buying an additional 96 shares during the period. Finally, Horizon Wealth Management LLC lifted its holdings in shares of TJX Companies by 2.0% in the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock worth $602,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

TJX has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. UBS Group reissued a "buy" rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Trading Up 0.7%

Shares of NYSE TJX traded up $0.81 during trading on Tuesday, reaching $125.75. The stock had a trading volume of 4,284,114 shares, compared to its average volume of 5,186,518. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week 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 business's 50-day moving average price is $126.19 and its 200-day moving average price is $124.15. The company has a market cap of $140.48 billion, a P/E ratio of 29.59, a PEG ratio of 2.92 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share 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 for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the business earned $0.93 EPS. TJX Companies's revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated 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 directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

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.