Tredje AP fonden Buys 53,714 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Tredje AP fonden increased its stake in The TJX Companies by 11.8%, now holding 507,311 shares valued at approximately $61.79 million.
• Multiple hedge funds have made significant increases in their holdings, with GAMMA Investing LLC boosting its position by an astounding 14,486.1% in the first quarter.
• The TJX Companies recently declared a quarterly dividend of $0.425 per share, with a dividend yield of 1.34% and a payout ratio of 40%.

Tredje AP fonden raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 507,311 shares of the apparel and home fashions retailer's stock after acquiring an additional 53,714 shares during the period. Tredje AP fonden's holdings in TJX Companies were worth $61,790,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in 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 in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in TJX Companies by 58.8% in 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 acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies in the 1st quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC raised its holdings in shares of TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

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 sale, the director directly owned 22,712 shares in the company, 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 document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Up 1.1%

TJX traded up $1.36 during mid-day trading on Friday, reaching $125.89. The stock had a trading volume of 4,855,347 shares, compared to its average volume of 4,410,306. The stock has a market capitalization of $140.63 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.90 and a beta of 0.88. 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 firm's fifty day simple moving average is $125.01 and its two-hundred day simple moving average is $124.41. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (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 business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the company earned $0.93 EPS. The firm's revenue was up 5.1% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TJX. Robert W. Baird increased their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. TD Securities increased their target price on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. One investment 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. Based on data from MarketBeat, TJX Companies currently has an average rating of "Buy" and a consensus price target of $141.06.

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.