Kerusso Capital Management LLC Takes $2.94 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Kerusso Capital Management LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,682 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,938,000. TJX Companies comprises approximately 2.1% of Kerusso Capital Management LLC’s portfolio, making the stock its 14th largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after buying an additional 1,269,792 shares during the period. Royal Bank of Canada grew its position in TJX Companies by 7.9% during the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock valued at $1,333,913,000 after acquiring an additional 1,046,148 shares during the period. Janus Henderson Group PLC increased its stake in TJX Companies by 2.7% during the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after acquiring an additional 346,938 shares during the last quarter. Norges Bank purchased a new position in shares of TJX Companies in the 4th quarter worth about $1,193,438,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 2.0 %

TJX stock opened at $115.62 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $113.58 and a 200-day simple moving average of $104.88. The company has a market capitalization of $130.67 billion, a P/E ratio of 28.69, a PEG ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TJX. BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Loop Capital raised their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. Sanford C. Bernstein boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $126.76.

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.