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

King Luther Capital Management Corp raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 21.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,773 shares of the apparel and home fashions retailer’s stock after purchasing an additional 9,870 shares during the quarter. King Luther Capital Management Corp’s holdings in TJX Companies were worth $6,859,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Citizens Financial Group Inc. RI grew its position in TJX Companies by 5.7% during the 4th quarter. Citizens Financial Group Inc. RI now owns 125,595 shares of the apparel and home fashions retailer’s stock worth $15,173,000 after purchasing an additional 6,777 shares during the period. Sage Mountain Advisors LLC increased its holdings in TJX Companies by 4.3% in the 4th quarter. Sage Mountain Advisors LLC now owns 7,760 shares of the apparel and home fashions retailer’s stock worth $937,000 after acquiring an additional 319 shares in the last quarter. Vista Investment Partners II LLC purchased a new position in TJX Companies in the 4th quarter valued at about $2,858,000. Tortoise Investment Management LLC lifted its position in shares of TJX Companies by 42.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,404 shares of the apparel and home fashions retailer’s stock valued at $170,000 after acquiring an additional 416 shares in the last quarter. Finally, Tower Wealth Partners Inc. lifted its holdings in TJX Companies by 55.6% in the 4th quarter. Tower Wealth Partners Inc. now owns 3,325 shares of the apparel and home fashions retailer’s stock valued at $402,000 after purchasing an additional 1,188 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TJX shares. BMO Capital Markets boosted their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Wells Fargo & Company increased their target price 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. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.06.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX Companies stock opened at $116.13 on Wednesday. The company has a market cap of $130.55 billion, a PE ratio of 27.33, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The company has a fifty day moving average price of $122.61 and a two-hundred day moving average price of $120.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.