LGT Group Foundation Has $1.20 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• LGT Group Foundation has cut its stake in The TJX Companies, Inc. by 72.8%, now holding only 9,832 shares valued at approximately $1.2 million.
• Major institutional investors, including Vanguard Group and Royal Bank of Canada, have increased their positions in TJX Companies, indicating strong institutional interest.
• Analysts have generally upgraded their ratings on TJX Companies, with a consensus target price of $141.06 and many firms issuing buy ratings ahead of the upcoming fiscal year.

LGT Group Foundation trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 72.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,832 shares of the apparel and home fashions retailer's stock after selling 26,378 shares during the period. LGT Group Foundation's holdings in TJX Companies were worth $1,198,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TJX. Nuveen LLC purchased a new stake in shares of TJX Companies during the first quarter valued at $1,330,717,000. GAMMA Investing LLC lifted its stake in TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Capital Research Global Investors lifted its stake in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares in the last quarter. Northern Trust Corp lifted its stake in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.8%

Shares of NYSE TJX traded down $1.11 during mid-day trading on Thursday, reaching $132.99. 3,763,205 shares of the company traded hands, compared to its average volume of 4,684,373. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a market cap of $148.56 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 3.13 and a beta of 0.89. The company's fifty day moving average is $125.83 and its two-hundred day moving average is $125.05. The TJX Companies, Inc. has a fifty-two week low of $110.24 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.3%. TJX Companies's dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TJX. TD Securities increased their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $150.00 price objective on shares of TJX Companies in a research note on Wednesday. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Barclays reissued an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, TJX Companies has a consensus rating of "Buy" and an average target price of $141.33.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Company Profile

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.