AMF Tjanstepension AB Sells 14,311 Shares of The TJX Companies, Inc. (NYSE:TJX)

AMF Tjanstepension AB lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 593,097 shares of the apparel and home fashions retailer’s stock after selling 14,311 shares during the period. AMF Tjanstepension AB’s holdings in TJX Companies were worth $50,306,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC bought a new stake in TJX Companies during the first quarter valued at about $25,000. Tucker Asset Management LLC bought a new stake in TJX Companies during the first quarter valued at about $25,000. ICA Group Wealth Management LLC bought a new stake in TJX Companies during the fourth quarter valued at about $27,000. Freedom Wealth Alliance LLC bought a new stake in TJX Companies during the fourth quarter valued at about $28,000. Finally, Lakewood Asset Management LLC bought a new stake in TJX Companies during the fourth quarter valued at about $28,000. Institutional investors own 89.28% of the company’s stock.

TJX Companies Trading Down 0.1 %

TJX opened at $92.81 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.56 and a current ratio of 1.20. The stock has a market cap of $106.18 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 2.21 and a beta of 0.89. The stock’s 50 day moving average price is $87.64 and its 200-day moving average price is $81.52. The TJX Companies, Inc. has a one year low of $59.78 and a one year high of $93.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.77 by $0.08. The firm had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.45 billion. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 3.71 EPS for the current year.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 64,817 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the sale, the chairman now directly owns 135,050 shares of the company’s stock, valued at approximately $12,307,106.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Ernie Herrman sold 45,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $89.04, for a total transaction of $4,006,800.00. Following the sale, the chief executive officer now directly owns 642,098 shares in the company, valued at approximately $57,172,405.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Carol Meyrowitz sold 64,817 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the sale, the chairman now owns 135,050 shares in the company, valued at $12,307,106.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,014 shares of company stock valued at $10,291,303. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $85.00 to $86.00 in a research report on Thursday, May 18th. Barclays boosted their price objective on TJX Companies from $95.00 to $101.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Wells Fargo & Company boosted their price objective on TJX Companies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 17th. Finally, Jefferies Financial Group boosted their price objective on TJX Companies from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.42.

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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.