King Luther Capital Management Corp Purchases 8,850 Shares of The TJX Companies, Inc. $TJX

King Luther Capital Management Corp raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,126 shares of the apparel and home fashions retailer’s stock after acquiring an additional 8,850 shares during the period. King Luther Capital Management Corp’s holdings in TJX Companies were worth $11,386,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TJX. Banco Santander S.A. raised its position in shares of TJX Companies by 24.6% in the third quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock valued at $23,180,000 after buying an additional 31,631 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in TJX Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after purchasing an additional 32,407 shares in the last quarter. Family Capital Trust Co raised its position in TJX Companies by 1,080.0% during the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after purchasing an additional 12,377 shares in the last quarter. Nordea Investment Management AB raised its position in TJX Companies by 6.0% during the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock valued at $1,155,830,000 after purchasing an additional 420,232 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its position in TJX Companies by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after purchasing an additional 8,006 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 1.3%

Shares of NYSE:TJX opened at $156.95 on Thursday. The company has a fifty day moving average of $156.82 and a 200-day moving average of $155.01. The company has a market capitalization of $173.56 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 3.45 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. TJX Companies’s revenue for the quarter was up 9.2% on a year-over-year basis. 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. On average, equities analysts predict that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.48 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies’s payout ratio is presently 37.28%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. BTIG Research upped their price target on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $160.00 price target (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $174.58.

TJX Companies Company Profile

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.