KLP Kapitalforvaltning AS Invests $59.35 Million in The TJX Companies, Inc. (NYSE:TJX)

KLP Kapitalforvaltning AS acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 491,300 shares of the apparel and home fashions retailer's stock, valued at approximately $59,354,000.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies in the 4th quarter worth about $26,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the fourth quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $0.34 during trading hours on Tuesday, reaching $119.94. 1,249,908 shares of the stock were exchanged, compared to its average volume of 4,879,279. The stock's fifty day simple moving average is $121.68 and its 200 day simple moving average is $120.16. The firm has a market capitalization of $134.83 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, Robert W. Baird increased their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $135.06.

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.