King Luther Capital Management Corp Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

King Luther Capital Management Corp grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 594.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,771 shares of the apparel and home fashions retailer’s stock after purchasing an additional 35,759 shares during the quarter. King Luther Capital Management Corp’s holdings in TJX Companies were worth $4,599,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC grew its holdings in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at about $25,000. OFI Invest Asset Management bought a new stake in shares of TJX Companies during the 1st quarter valued at about $30,000. AlphaMark Advisors LLC lifted its position in TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in TJX Companies in the 2nd quarter worth approximately $34,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TJX shares. Bank of America lifted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Finally, TD Cowen increased their target price on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $126.76.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. 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 company insiders.

TJX Companies Trading Down 0.3 %

Shares of NYSE TJX opened at $117.93 on Friday. 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 stock has a market capitalization of $133.28 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13. The business has a fifty day moving average price of $114.83 and a 200 day moving average price of $106.21.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 EPS 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. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 37.22%.

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.