Handelsbanken Fonder AB Cuts Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Handelsbanken Fonder AB decreased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 584,284 shares of the apparel and home fashions retailer's stock after selling 8,245 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.05% of TJX Companies worth $70,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp increased its position in TJX Companies by 1.0% in the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after buying an additional 469,287 shares in the last quarter. Geode Capital Management LLC increased its position in TJX Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer's stock worth $2,795,121,000 after buying an additional 363,707 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TJX Companies by 7.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock worth $1,079,319,000 after buying an additional 643,833 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of TJX Companies by 9.9% in the third quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer's stock worth $837,951,000 after acquiring an additional 657,529 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of TJX Companies by 13.3% in the fourth quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock worth $850,428,000 after acquiring an additional 827,103 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TJX. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. StockNews.com raised 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 set a $145.00 price target on shares of TJX Companies in a research note on Wednesday. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, UBS Group raised their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Two investment 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.18.

TJX Companies Trading Down 1.5 %

Shares of NYSE TJX traded down $1.90 during midday trading on Friday, hitting $121.08. The company's stock had a trading volume of 5,692,049 shares, compared to its average volume of 4,322,778. 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 business's 50 day moving average is $122.93 and its two-hundred day moving average is $119.40. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The firm has a market cap of $136.11 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.24%. TJX Companies's payout ratio is currently 35.29%.

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.