Lake Street Advisors Group LLC Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

by · The Cerbat Gem

Lake Street Advisors Group LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 6.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,540 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,205 shares during the quarter. Lake Street Advisors Group LLC’s holdings in TJX Companies were worth $2,414,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. lifted its position in TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after buying an additional 3,132,960 shares in the last quarter. Ameriprise Financial Inc. lifted its position in TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares in the last quarter. Capital Wealth Planning LLC acquired a new position in TJX Companies during the second quarter valued at approximately $315,698,000. Finally, Los Angeles Capital Management LLC lifted its position in TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after buying an additional 1,313,517 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.3 %

TJX traded up $0.33 during midday trading on Friday, hitting $114.53. 537,132 shares of the company’s stock traded hands, compared to its average volume of 5,243,447. The company has a market cap of $129.17 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The stock’s fifty day simple moving average is $116.67 and its 200-day simple moving average is $109.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a one year low of $86.92 and a one year high of $121.13.

TJX Companies (NYSE:TJX – Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.31%. TJX Companies’s payout ratio is 36.23%.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Loop Capital lifted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets lifted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Morgan Stanley lifted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $126.76.

Check Out Our Latest Research Report on TJX Companies

TJX Companies Profile

(Free Report)

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.

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