BLI Banque de Luxembourg Investments Has $39.56 Million Stake in The TJX Companies, Inc. $TJX

BLI Banque de Luxembourg Investments raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 254,653 shares of the apparel and home fashions retailer’s stock after buying an additional 4,093 shares during the period. TJX Companies comprises 1.2% of BLI Banque de Luxembourg Investments’ holdings, making the stock its 22nd largest position. BLI Banque de Luxembourg Investments’ holdings in TJX Companies were worth $39,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Vanguard Group Inc. raised its position in shares of TJX Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock worth $15,780,919,000 after purchasing an additional 771,882 shares during the period. Geode Capital Management LLC raised its position in shares of TJX Companies by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock worth $4,134,174,000 after purchasing an additional 673,690 shares during the period. Capital International Investors raised its position in shares of TJX Companies by 2.0% during the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after purchasing an additional 308,408 shares during the period. Norges Bank acquired a new stake in shares of TJX Companies during the fourth quarter worth about $2,211,975,000. Finally, Ameriprise Financial Inc. raised its position in shares of TJX Companies by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock worth $1,939,435,000 after purchasing an additional 392,097 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.5%

TJX stock opened at $159.91 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $156.88 and a two-hundred day moving average price of $155.61. The company has a market cap of $176.65 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 3.49 and a beta of 0.62. The TJX Companies, Inc. has a twelve month low of $119.84 and a twelve month high of $165.82.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Analysts anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio is presently 37.28%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 29,549 shares of TJX Companies stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the transaction, the chief executive officer directly owned 552,850 shares in the company, valued at approximately $87,051,761. The trade was a 5.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John Klinger sold 6,235 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,786 shares of company stock valued at $11,695,268 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TJX. UBS Group reaffirmed a “neutral” rating and set a $197.00 price target (up from $193.00) on shares of TJX Companies in a research report on Thursday, May 21st. Robert W. Baird raised their price target on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, BTIG Research increased their price objective on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $174.58.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.