Livforsakringsbolaget Skandia Omsesidigt Sells 1,400 Shares of The TJX Companies, Inc. (NYSE:TJX)

Livforsakringsbolaget Skandia Omsesidigt reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 15.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,755 shares of the apparel and home fashions retailer’s stock after selling 1,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in TJX Companies were worth $944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after purchasing an additional 578,948 shares during the period. Geode Capital Management LLC lifted its position in TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors lifted its position in TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp lifted its position in TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Finally, Norges Bank bought a new position in TJX Companies in the fourth quarter worth $1,670,565,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of TJX stock opened at $126.35 on Tuesday. The stock has a 50-day moving average price of $127.66 and a 200 day moving average price of $124.21. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $141.15 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 12 month low of $106.18 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, May 15th. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird increased their price objective on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. TD Securities increased their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Finally, Loop Capital set a $150.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

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.