Andra AP fonden Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Andra AP fonden raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 365,700 shares of the apparel and home fashions retailer’s stock after buying an additional 50,800 shares during the period. TJX Companies makes up approximately 0.7% of Andra AP fonden’s holdings, making the stock its 22nd largest holding. Andra AP fonden’s holdings in TJX Companies were worth $44,180,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TJX. Ashton Thomas Private Wealth LLC increased its stake in shares of TJX Companies by 106.8% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 20,849 shares of the apparel and home fashions retailer’s stock worth $2,519,000 after purchasing an additional 10,768 shares in the last quarter. Callan Family Office LLC increased its stake in shares of TJX Companies by 267.3% during the 4th quarter. Callan Family Office LLC now owns 9,036 shares of the apparel and home fashions retailer’s stock worth $1,092,000 after purchasing an additional 6,576 shares in the last quarter. EagleClaw Capital Managment LLC increased its stake in shares of TJX Companies by 0.7% during the 4th quarter. EagleClaw Capital Managment LLC now owns 67,605 shares of the apparel and home fashions retailer’s stock worth $8,167,000 after purchasing an additional 450 shares in the last quarter. Hartford Funds Management Co LLC increased its stake in shares of TJX Companies by 6.9% during the 4th quarter. Hartford Funds Management Co LLC now owns 19,159 shares of the apparel and home fashions retailer’s stock worth $2,315,000 after purchasing an additional 1,233 shares in the last quarter. Finally, Chatham Capital Group Inc. increased its stake in shares of TJX Companies by 0.6% during the 4th quarter. Chatham Capital Group Inc. now owns 29,814 shares of the apparel and home fashions retailer’s stock worth $3,602,000 after purchasing an additional 165 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 2.1 %

Shares of TJX opened at $120.47 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $135.43 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The company’s fifty day moving average is $122.87 and its two-hundred day moving average is $120.27. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 13th were issued a dividend of $0.375 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s payout ratio is 35.21%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $135.06.

Insider Activity at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.