Avanza Fonder AB Invests $13.75 Million in The TJX Companies, Inc. (NYSE:TJX)

Avanza Fonder AB bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 113,802 shares of the apparel and home fashions retailer’s stock, valued at approximately $13,748,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the third quarter worth about $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the 3rd quarter valued at approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of TJX Companies in the third quarter worth $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $121.76 on Friday. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The firm has a market capitalization of $136.87 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 2.94 and a beta of 0.91. The business’s 50 day simple moving average is $122.39 and its 200-day simple moving average is $117.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period last year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TJX shares. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

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.