Handelsinvest Investeringsforvaltning Has $1.33 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Handelsinvest Investeringsforvaltning decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 22.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,074 shares of the apparel and home fashions retailer’s stock after selling 3,820 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in TJX Companies were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TJX. Norges Bank acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $1,193,438,000. Schroder Investment Management Group increased its stake in shares of TJX Companies by 350.9% in the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after buying an additional 1,617,367 shares during the period. Nordea Investment Management AB increased its stake in shares of TJX Companies by 23.2% in the fourth quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock valued at $554,156,000 after buying an additional 1,107,937 shares during the period. Canoe Financial LP increased its stake in shares of TJX Companies by 22,145.7% in the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after buying an additional 1,107,287 shares during the period. Finally, Vanguard Group Inc. increased its position in TJX Companies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock valued at $9,025,157,000 after purchasing an additional 1,071,078 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.5 %

Shares of NYSE TJX opened at $110.70 on Wednesday. The TJX Companies, Inc. has a 52 week low of $82.25 and a 52 week high of $111.79. The business has a 50-day simple moving average of $102.81 and a two-hundred day simple moving average of $98.44. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The company has a market cap of $125.11 billion, a P/E ratio of 27.34, a P/E/G ratio of 2.94 and a beta of 0.88.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies’s dividend payout ratio is presently 37.22%.

Insider Activity at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. TD Cowen increased their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. UBS Group increased their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Telsey Advisory Group increased their target price on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.39.

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.