Avanza Fonder AB Purchases Shares of 113,802 The TJX Companies, Inc. (NYSE:TJX)

Avanza Fonder AB purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 113,802 shares of the apparel and home fashions retailer's stock, valued at approximately $13,748,000.

A number of other institutional investors also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in shares of TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock worth $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer's stock valued at $140,008,000 after acquiring an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in TJX Companies by 161.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer's stock valued at $210,003,000 after acquiring an additional 1,102,912 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of TJX Companies by 281.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer's stock worth $145,166,000 after purchasing an additional 911,351 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock valued at $850,428,000 after purchasing an additional 827,103 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on TJX shares. TD Cowen raised their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Telsey Advisory Group reissued an "outperform" rating and issued a $134.00 price objective on shares of TJX Companies in a report on Friday, December 6th. Robert W. Baird upped their target price on TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.33.

TJX Companies Trading Up 0.4 %

NYSE TJX traded up $0.51 on Friday, reaching $121.89. 4,752,383 shares of the company were exchanged, compared to its average volume of 4,388,107. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The business's fifty day moving average price is $122.56 and its 200 day moving average price is $117.46. 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 announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. TJX Companies's quarterly revenue was up 6.0% on a year-over-year basis. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is presently 35.29%.

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.