The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Decreased by Forsta AP Fonden

Forsta AP Fonden lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 322,800 shares of the apparel and home fashions retailer’s stock after selling 1,900 shares during the quarter. Forsta AP Fonden’s holdings in TJX Companies were worth $38,997,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on TJX. Robert W. Baird lifted 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. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Evercore ISI increased their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, TD Cowen increased their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Stock Down 0.4 %

TJX opened at $124.38 on Wednesday. The company has a market capitalization of $139.82 billion, a P/E ratio of 29.27, a P/E/G ratio of 3.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm’s fifty day moving average price is $123.04 and its two-hundred day moving average price is $118.08. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 EPS. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business 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 of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. 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.