The TJX Companies, Inc. (NYSE:TJX) Position Trimmed by AMF Tjanstepension AB

AMF Tjanstepension AB lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 64.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,122 shares of the apparel and home fashions retailer's stock after selling 178,846 shares during the quarter. AMF Tjanstepension AB's holdings in TJX Companies were worth $11,860,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Howard Capital Management Group LLC increased its stake in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock worth $27,208,000 after acquiring an additional 69,489 shares during the period. Graypoint LLC boosted its holdings in TJX Companies by 5.8% in the 3rd quarter. Graypoint LLC now owns 8,352 shares of the apparel and home fashions retailer's stock valued at $982,000 after purchasing an additional 458 shares in the last quarter. Principal Financial Group Inc. increased its position in TJX Companies by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,964,220 shares of the apparel and home fashions retailer's stock worth $230,874,000 after purchasing an additional 69,064 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of TJX Companies by 15.1% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 12,172 shares of the apparel and home fashions retailer's stock worth $1,431,000 after buying an additional 1,595 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its holdings in shares of TJX Companies by 18.1% in the 3rd quarter. Portside Wealth Group LLC now owns 2,176 shares of the apparel and home fashions retailer's stock valued at $256,000 after buying an additional 334 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

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Analysts Set New Price Targets

TJX has been the subject of several research analyst reports. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. TD Cowen lifted 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $135.06.

TJX Companies Trading Down 1.2 %

Shares of TJX Companies stock traded down $1.47 during trading hours on Friday, reaching $119.18. The stock had a trading volume of 6,230,022 shares, compared to its average volume of 4,864,261. The firm has a market capitalization of $133.98 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $122.77 and a two-hundred day simple moving average of $120.37.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. TJX Companies's dividend payout ratio (DPR) is currently 35.21%.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 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.