The TJX Companies, Inc. (NYSE:TJX) Shares Sold by LGT Group Foundation

LGT Group Foundation lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 24.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,210 shares of the apparel and home fashions retailer’s stock after selling 11,563 shares during the period. LGT Group Foundation’s holdings in TJX Companies were worth $4,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC grew its holdings in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares during the last quarter. Gladstone Institutional Advisory LLC grew its holdings in TJX Companies by 14.4% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,159 shares of the apparel and home fashions retailer’s stock valued at $254,000 after buying an additional 271 shares during the last quarter. Van ECK Associates Corp grew its holdings in TJX Companies by 4.1% during the 3rd quarter. Van ECK Associates Corp now owns 318,736 shares of the apparel and home fashions retailer’s stock valued at $36,406,000 after buying an additional 12,578 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in TJX Companies by 281.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after buying an additional 911,351 shares during the last quarter. Finally, KG&L Capital Management LLC grew its holdings in TJX Companies by 2.3% during the 3rd quarter. KG&L Capital Management LLC now owns 6,101 shares of the apparel and home fashions retailer’s stock valued at $717,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 1.2 %

Shares of TJX opened at $123.32 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $138.63 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The stock’s fifty day simple moving average is $123.01 and its 200 day simple moving average is $120.18. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 35.21%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Barclays increased their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.06.

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.