AMF Tjanstepension AB Sells 12,564 Shares of The TJX Companies, Inc. (NYSE:TJX)

AMF Tjanstepension AB decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 337,340 shares of the apparel and home fashions retailer’s stock after selling 12,564 shares during the quarter. AMF Tjanstepension AB’s holdings in TJX Companies were worth $34,230,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TJX. Running Oak Capital LLC lifted its position in shares of TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after buying an additional 11,036 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of TJX Companies by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after purchasing an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. bought a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $3,197,000. Gateway Investment Advisers LLC increased its position in TJX Companies by 42.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after purchasing an additional 5,737 shares in the last quarter. Finally, Cape Cod Five Cents Savings Bank lifted its stake in TJX Companies by 109.1% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 148,954 shares of the apparel and home fashions retailer’s stock valued at $13,239,000 after purchasing an additional 77,711 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.4 %

TJX stock traded down $0.45 during midday trading on Friday, hitting $110.10. The stock had a trading volume of 12,408,897 shares, compared to its average volume of 5,571,441. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average price of $102.48 and a two-hundred day moving average price of $98.21. The TJX Companies, Inc. has a 1-year low of $82.25 and a 1-year high of $111.79. The firm has a market cap of $124.43 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the business earned $0.76 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s dividend payout ratio is currently 37.22%.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Evercore ISI set a $113.00 price target on shares of TJX Companies in a report on Tuesday, May 21st. Barclays upped their target price on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. UBS Group lifted their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. TD Cowen upped their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 in the last quarter. Company insiders own 0.13% of the company’s stock.

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.