Forsta AP Fonden Has $35.84 Million Stock Holdings in The TJX Companies, Inc. $TJX

Forsta AP Fonden cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 26.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,300 shares of the apparel and home fashions retailer’s stock after selling 84,800 shares during the quarter. Forsta AP Fonden’s holdings in TJX Companies were worth $35,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in shares of TJX Companies in the fourth quarter worth $2,211,975,000. Madison Wealth Partners Inc acquired a new position in shares of TJX Companies in the fourth quarter worth $207,000. Coyle Financial Counsel LLC increased its stake in shares of TJX Companies by 28.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 2,140 shares of the apparel and home fashions retailer’s stock worth $329,000 after acquiring an additional 469 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of TJX Companies in the fourth quarter worth $65,286,000. Finally, Triglav Investments D.O.O. acquired a new position in shares of TJX Companies in the fourth quarter worth $3,564,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a report on Thursday, May 21st. UBS Group reiterated a “neutral” rating and issued a $197.00 price objective (up from $193.00) on shares of TJX Companies in a report on Thursday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Barclays reiterated an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Citigroup reiterated a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $174.58.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.1%

Shares of NYSE:TJX opened at $155.03 on Friday. The stock has a market capitalization of $171.44 billion, a PE ratio of 30.10, a P/E/G ratio of 3.36 and a beta of 0.64. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $165.82. The firm has a fifty day moving average price of $156.85 and a 200 day moving average price of $155.08. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Analysts expect that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a $0.48 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies’s dividend payout ratio (DPR) is 37.28%.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.