Kerusso Capital Management LLC Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Kerusso Capital Management LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,411 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,729 shares during the period. TJX Companies accounts for about 2.1% of Kerusso Capital Management LLC’s holdings, making the stock its 13th largest holding. Kerusso Capital Management LLC’s holdings in TJX Companies were worth $3,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Norden Group LLC purchased a new stake in TJX Companies in the first quarter worth $289,000. Empowered Funds LLC raised its holdings in TJX Companies by 57.0% in the 1st quarter. Empowered Funds LLC now owns 31,001 shares of the apparel and home fashions retailer’s stock worth $3,144,000 after purchasing an additional 11,260 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of TJX Companies by 8.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,099 shares of the apparel and home fashions retailer’s stock valued at $416,000 after purchasing an additional 317 shares in the last quarter. Primoris Wealth Advisors LLC increased its position in shares of TJX Companies by 13.6% during the first quarter. Primoris Wealth Advisors LLC now owns 12,500 shares of the apparel and home fashions retailer’s stock valued at $1,268,000 after buying an additional 1,500 shares during the period. Finally, BCGM Wealth Management LLC raised its stake in TJX Companies by 2.8% in the first quarter. BCGM Wealth Management LLC now owns 16,383 shares of the apparel and home fashions retailer’s stock worth $1,662,000 after buying an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.8 %

NYSE TJX traded up $0.98 during mid-day trading on Friday, reaching $117.83. The stock had a trading volume of 5,785,802 shares, compared to its average volume of 5,245,326. The stock has a market cap of $132.90 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.13. 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 company has a fifty day moving average price of $116.07 and a 200 day moving average price of $110.60.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. On average, research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TJX shares. TD Cowen upped their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America upped 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Evercore ISI increased their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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 on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

About TJX Companies

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.