The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,476,165 shares of the apparel and home fashions retailer’s stock after selling 4,290,900 shares during the period. TJX Companies accounts for approximately 4.8% of Alecta Tjanstepension Omsesidigt’s portfolio, making the stock its 6th biggest position. Alecta Tjanstepension Omsesidigt owned about 0.67% of TJX Companies worth $903,046,000 at the end of the most recent reporting period.

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

TJX Companies Stock Performance

NYSE TJX opened at $124.80 on Thursday. The firm has a market cap of $140.29 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 2.75 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 company has a fifty day moving average price of $122.87 and a 200-day moving average price of $119.84. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. TJX Companies’s dividend payout ratio is presently 35.29%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TJX. TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, February 19th. Evercore ISI lifted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $134.18.

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.