Swedbank AB Increases Stake in The TJX Companies, Inc.

Swedbank AB has increased its investment in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.1% for the fourth quarter, as reported in its latest 13F filing with the Securities and Exchange Commission. Following the purchase of an additional 50,184 shares, Swedbank AB now holds 1,265,098 shares of the apparel and home fashions retailer. At the conclusion of the most recent reporting period, this stake accounted for approximately 0.11% of TJX Companies, valued at about $152,836,000.

Other Large Investors Adjust Their Holdings

Other prominent investors have also recalibrated their positions in TJX Companies. State Street Corp increased its shareholding by 1.0% during the third quarter, bringing its total to 47,556,435 shares worth $5,589,783,000 after acquiring an additional 469,287 shares. Similarly, Geode Capital Management LLC raised its stake by 1.5%, now owning 23,857,584 shares valued at $2,795,121,000, following its purchase of 363,707 shares in the last quarter. Furthermore, UBS AM, a unit of UBS Asset Management Americas LLC, increased its investment by 7.5%, thereby owning 9,182,564 shares worth $1,079,319,000 after adding 643,833 shares. Franklin Resources Inc. also saw a rise, with a 9.9% increase in its holdings, totaling 7,271,499 shares valued at $837,951,000 after buying an additional 657,529 shares. Lastly, Nordea Investment Management AB augmented its stake by 13.3%, now possessing 7,031,237 shares worth $850,428,000 after acquiring 827,103 shares. Currently, institutional investors and hedge funds own 91.09% of TJX's stock.

Positive Analyst Ratings for TJX Companies

A variety of analysts have recently shared their opinions on TJX Companies. TD Cowen raised its target price from $130.00 to $132.00 and issued a "buy" rating on November 22nd. Telsey Advisory Group reaffirmed an "outperform" rating, setting a price objective of $134.00 on December 6th. Guggenheim upped its target price from $135.00 to $140.00 and rated the stock as a "buy" on December 5th. Deutsche Bank Aktiengesellschaft set its price objective at $131.00 after increasing it from $130.00 on November 21st. Finally, Evercore ISI raised its target price from $138.00 to $142.00, again rating the stock as "outperform" on November 21st. Overall, three analysts have given the stock a hold rating, while sixteen have rated it as a buy, leading to a consensus rating of "Moderate Buy" with an average target price of $131.67 according to data from MarketBeat.com.

TJX Companies Performance in the Stock Market

The stock of TJX Companies (NYSE:TJX) rose by 0.4% on Wednesday, trading at $124.78. The trading volume was 209,906 shares, which is lower than the average volume of 4,207,045 shares. The company reports a debt-to-equity ratio of 0.35, with a quick ratio of 0.50 and a current ratio of 1.19. Over the past year, TJX Companies' stock has experienced a low of $92.35 and a high of $128.00. The firm boasts a market capitalization of $140.27 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 3.00, and a beta of 0.91. Currently, the company has a 50-day simple moving average of $123.04 and a 200-day simple moving average of $118.08.

Recent Earnings Report from TJX Companies

Recently, TJX Companies announced its quarterly earnings on November 20th, reporting earnings of $1.14 per share, which beat the consensus estimate of $1.09 by $0.05. The company generated revenue of $14.06 billion, exceeding analyst expectations of $13.95 billion. The net margin for TJX Companies stood at 8.63%, with a return on equity of 61.82%. There was a 6.0% increase in revenue compared to the same quarter the previous year, with the prior year’s earnings per share recorded at $1.03. Analysts predict that for the current fiscal year, TJX Companies will deliver an earnings per share of 4.18.

Dividend Announcement from TJX Companies

The company has recently declared a quarterly dividend which is set to be paid out on March 6th. Shareholders on record by February 13th will receive a dividend of $0.375 per share, translating to an annualized dividend of $1.50 and a yield of 1.20%. The ex-dividend date is also on February 13th, with a payout ratio of 35.29%.

About TJX Companies

The TJX Companies, Inc., along with its subsidiaries, functions as an off-price retailer for apparel and home fashions across the United States, Canada, Europe, and Australia. The company operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. Its product range includes family apparel, footwear, accessories, home fashions, jewelry and gifts, and expanded gourmet food departments.

Investment, Shares, Dividends