Swedbank AB Acquires 50,184 Shares of The TJX Companies, Inc. (NYSE:TJX)

Swedbank AB boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,265,098 shares of the apparel and home fashions retailer's stock after acquiring an additional 50,184 shares during the quarter. Swedbank AB owned 0.11% of TJX Companies worth $152,836,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Trivant Custom Portfolio Group LLC acquired a new stake in TJX Companies in the fourth quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the 3rd quarter worth $29,000. Truvestments Capital LLC acquired a new stake in shares of TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies during the third quarter worth about $30,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 1.5 %

NYSE TJX traded up $1.88 on Thursday, reaching $126.09. The stock had a trading volume of 4,332,597 shares, compared to its average volume of 4,414,303. 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 TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The business has a 50 day moving average price of $123.13 and a 200 day moving average price of $118.13. The company has a market capitalization of $141.74 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 3.00 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio is presently 35.29%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TJX. Telsey Advisory Group reissued an "outperform" rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Jefferies Financial Group increased their target price on shares of TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Guggenheim lifted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Finally, Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Three equities research 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 company presently has an average rating of "Moderate Buy" and an average target price of $131.67.

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.