King Luther Capital Management Corp Has $11.39 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• King Luther Capital Management boosted its TJX position by 13.6% in the fourth quarter, buying 8,850 additional shares and bringing its total holding to 74,126 shares worth about $11.39 million.
• TJX also saw broad institutional interest, with several hedge funds and asset managers increasing their stakes; overall, institutional investors own 91.09% of the company’s stock.
• The company reported better-than-expected quarterly results, with EPS of $1.19 versus $1.02 expected and revenue of $14.32 billion, while also raising its quarterly dividend to $0.48 per share from $0.43.

King Luther Capital Management Corp raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,126 shares of the apparel and home fashions retailer's stock after purchasing an additional 8,850 shares during the quarter. King Luther Capital Management Corp's holdings in TJX Companies were worth $11,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. Alliancebernstein L.P. raised its stake in shares of TJX Companies by 91.6% in the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock valued at $970,185,000 after purchasing an additional 3,208,458 shares during the period. Corient Private Wealth LLC raised its stake in shares of TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock valued at $620,406,000 after purchasing an additional 2,743,676 shares during the period. Amundi raised its stake in shares of TJX Companies by 22.1% in the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock valued at $1,391,822,000 after purchasing an additional 1,761,281 shares during the period. Mackenzie Financial Corp raised its stake in shares of TJX Companies by 81.2% in the 3rd quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer's stock valued at $462,323,000 after purchasing an additional 1,433,801 shares during the period. Finally, Steadfast Capital Management LP raised its stake in shares of TJX Companies by 198.8% in the 3rd quarter. Steadfast Capital Management LP now owns 2,053,266 shares of the apparel and home fashions retailer's stock valued at $296,779,000 after purchasing an additional 1,366,066 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Price Performance

NYSE:TJX opened at $156.95 on Thursday. 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 stock's 50-day simple moving average is $156.82 and its 200 day simple moving average is $155.01. The company has a market cap of $173.56 billion, a P/E ratio of 30.48, a P/E/G ratio of 3.45 and a beta of 0.64. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business had revenue of $14.32 billion during the quarter, compared to analysts' expectations of $14.02 billion. During the same quarter last year, the company posted $0.92 earnings per share. TJX Companies's quarterly revenue 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. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 5.15 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, May 14th. This is an increase from TJX Companies's previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies's dividend payout ratio is 37.28%.

Analysts Set New Price Targets

TJX has been the topic of several recent research reports. UBS Group reissued a "neutral" rating and issued a $197.00 price target (up from $193.00) on shares of TJX Companies in a research note on Thursday, May 21st. Argus raised TJX Companies to a "strong-buy" rating in a research report on Tuesday, March 3rd. Robert W. Baird lifted their target price on TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Telsey Advisory Group lifted their target price on TJX Companies from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Finally, BTIG Research lifted their target price on TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $174.58.

TJX Companies 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.

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