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) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 491,300 shares of the apparel and home fashions retailer’s stock, valued at approximately $59,354,000.

Other large investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its position in shares of TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in TJX Companies by 2.9% in the third quarter. Thrivent Financial for Lutherans now owns 114,416 shares of the apparel and home fashions retailer’s stock worth $13,448,000 after acquiring an additional 3,258 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in TJX Companies by 12.3% in the third quarter. King Luther Capital Management Corp now owns 46,903 shares of the apparel and home fashions retailer’s stock worth $5,513,000 after acquiring an additional 5,132 shares in the last quarter. Intech Investment Management LLC boosted its holdings in TJX Companies by 16.6% in the third quarter. Intech Investment Management LLC now owns 45,386 shares of the apparel and home fashions retailer’s stock worth $5,335,000 after acquiring an additional 6,477 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in TJX Companies by 3.9% in the third quarter. LPL Financial LLC now owns 875,211 shares of the apparel and home fashions retailer’s stock worth $102,872,000 after acquiring an additional 32,806 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Guggenheim upped their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

Insider Transactions at TJX Companies

In related 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 is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.1 %

Shares of TJX Companies stock opened at $116.09 on Friday. The firm has a market capitalization of $130.51 billion, a PE ratio of 27.32, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The firm’s 50-day moving average price is $121.69 and its 200 day moving average price is $120.12. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

About TJX Companies

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.