Fjarde AP Fonden Fourth Swedish National Pension Fund Has $13.44 Million Position in TJX Companies Inc (TJX)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in TJX Companies Inc (NYSE:TJX) by 77.1% in the fourth quarter, Holdings Channel reports. The firm owned 300,324 shares of the apparel and home fashions retailer’s stock after purchasing an additional 130,712 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in TJX Companies were worth $13,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. First Merchants Corp lifted its holdings in TJX Companies by 101.2% during the 4th quarter. First Merchants Corp now owns 56,302 shares of the apparel and home fashions retailer’s stock worth $2,519,000 after buying an additional 28,321 shares during the last quarter. Bank Pictet & Cie Asia Ltd. lifted its holdings in TJX Companies by 100.0% during the 4th quarter. Bank Pictet & Cie Asia Ltd. now owns 16,544 shares of the apparel and home fashions retailer’s stock worth $740,000 after buying an additional 8,272 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt lifted its holdings in TJX Companies by 90.8% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 15,135,076 shares of the apparel and home fashions retailer’s stock worth $662,916,000 after buying an additional 7,202,538 shares during the last quarter. First Interstate Bank lifted its holdings in TJX Companies by 102.5% during the 4th quarter. First Interstate Bank now owns 1,640 shares of the apparel and home fashions retailer’s stock worth $73,000 after buying an additional 830 shares during the last quarter. Finally, Carnick & Kubik Group LLC lifted its holdings in TJX Companies by 102.0% during the 4th quarter. Carnick & Kubik Group LLC now owns 102,823 shares of the apparel and home fashions retailer’s stock worth $4,600,000 after buying an additional 51,924 shares during the last quarter. 50.70% of the stock is owned by hedge funds and other institutional investors.

Shares of TJX Companies stock opened at $49.10 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 1.55. The company has a market cap of $60.35 billion, a PE ratio of 24.31, a P/E/G ratio of 1.69 and a beta of 0.67. TJX Companies Inc has a twelve month low of $37.27 and a twelve month high of $56.64.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $9.83 billion for the quarter, compared to analysts’ expectations of $9.50 billion. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. As a group, research analysts expect that TJX Companies Inc will post 2.44 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, February 13th. TJX Companies’s payout ratio is 38.61%.

TJX has been the topic of a number of research analyst reports. Citigroup increased their target price on TJX Companies from $55.50 to $62.50 and gave the stock a “buy” rating in a report on Tuesday, October 16th. ValuEngine downgraded TJX Companies from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 7th. Barclays set a $59.00 target price on TJX Companies and gave the stock a “hold” rating in a report on Thursday, November 8th. Argus raised TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, November 29th. Finally, Jefferies Financial Group set a $50.00 target price on TJX Companies and gave the stock a “hold” rating in a report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $53.54.

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About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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