Nordea Investment Management AB Has $32.01 Million Stake in TJX Companies, Inc. (The) (NYSE:TJX)

Nordea Investment Management AB increased its position in TJX Companies, Inc. (The) (NYSE:TJX) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 404,746 shares of the apparel and home fashions retailer’s stock after buying an additional 33,175 shares during the period. Nordea Investment Management AB owned 0.06% of TJX Companies, Inc. (The) worth $32,007,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York GFN acquired a new position in TJX Companies, Inc. (The) during the fourth quarter worth approximately $124,000. Mosaic Family Wealth LLC raised its position in TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock worth $147,000 after buying an additional 108 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in TJX Companies, Inc. (The) during the fourth quarter worth approximately $145,000. Finally, Howard Hughes Medical Institute purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at approximately $171,000. Institutional investors own 89.14% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE TJX) traded down 0.06% during trading on Friday, hitting $69.60. 3,433,486 shares of the company were exchanged. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $83.64. The company has a 50 day moving average of $70.45 and a 200-day moving average of $75.32. The stock has a market capitalization of $44.77 billion, a PE ratio of 19.76 and a beta of 0.78.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. On average, analysts forecast that TJX Companies, Inc. will post $3.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.51%.

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TJX has been the topic of several recent analyst reports. BidaskClub raised shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research lowered shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Instinet lifted their target price on shares of TJX Companies, Inc. (The) from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, April 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $79.00 target price (down from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $84.11.

In other TJX Companies, Inc. (The) news, EVP Richard Sherr sold 1,179 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the sale, the executive vice president now directly owns 120,000 shares in the company, valued at $9,069,600. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

About TJX Companies, Inc. (The)

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

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