Livforsakringsbolaget Skandia Omsesidigt Has $253,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 76.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,696 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,168 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in TJX Companies were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its position in shares of TJX Companies by 90,089.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock valued at $1,575,168,000 after buying an additional 19,766,602 shares in the last quarter. Morgan Stanley raised its position in shares of TJX Companies by 88.1% in the fourth quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock valued at $2,118,935,000 after buying an additional 12,468,119 shares in the last quarter. Norges Bank acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $891,631,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $408,331,000. Finally, FMR LLC raised its position in shares of TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after buying an additional 6,036,764 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.1 %

TJX traded up $0.10 during trading on Thursday, reaching $93.23. 391,878 shares of the stock traded hands, compared to its average volume of 4,984,998. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $105.63 billion, a PE ratio of 24.12, a P/E/G ratio of 2.40 and a beta of 0.86. The stock’s 50-day moving average is $97.80 and its 200 day moving average is $93.59. The TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion for the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.07 earnings per share for the current year.

TJX Companies announced that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.61%. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s dividend payout ratio is 38.86%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $102.19.

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.