Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 130,712 Shares of TJX Companies Inc (TJX)

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Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in TJX Companies Inc (NYSE:TJX) by 77.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,324 shares of the apparel and home fashions retailer’s stock after acquiring an additional 130,712 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in TJX Companies were worth $13,436,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in TJX Companies by 1.2% in the third quarter. Vanguard Group Inc. now owns 49,232,312 shares of the apparel and home fashions retailer’s stock valued at $5,515,004,000 after purchasing an additional 593,647 shares during the last quarter. Vanguard Group Inc increased its stake in TJX Companies by 1.2% in the third quarter. Vanguard Group Inc now owns 49,232,312 shares of the apparel and home fashions retailer’s stock valued at $5,515,004,000 after purchasing an additional 593,647 shares during the last quarter. BlackRock Inc. increased its stake in TJX Companies by 2.6% in the third quarter. BlackRock Inc. now owns 42,320,035 shares of the apparel and home fashions retailer’s stock valued at $4,740,690,000 after purchasing an additional 1,089,109 shares during the last quarter. FMR LLC increased its stake in TJX Companies by 4.0% in the third quarter. FMR LLC now owns 24,992,585 shares of the apparel and home fashions retailer’s stock valued at $2,799,669,000 after purchasing an additional 949,799 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in TJX Companies by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 19,231,563 shares of the apparel and home fashions retailer’s stock valued at $1,830,461,000 after purchasing an additional 715,960 shares during the last quarter. Institutional investors and hedge funds own 50.70% of the company’s stock.

Shares of NYSE:TJX opened at $49.10 on Tuesday. The stock has a market cap of $60.35 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.69 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 1.55 and a debt-to-equity ratio of 0.42. TJX Companies Inc has a 12 month low of $37.27 and a 12 month high of $56.64.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The company had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. Research analysts predict that TJX Companies Inc will post 2.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be given a $0.195 dividend. This represents a $0.78 annualized dividend 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%.

Several equities analysts recently commented on the company. Zacks Investment Research lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday. Telsey Advisory Group upgraded TJX Companies from a “market perform” rating to an “outperform” rating and upped their target price for the company from $51.00 to $56.00 in a research note on Thursday, January 31st. ValuEngine upgraded TJX Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. MKM Partners set a $58.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Friday, November 30th. Finally, Argus upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $53.54.

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TJX Companies Profile

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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