Leuthold Group LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Leuthold Group LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 59,343 shares of the apparel and home fashions retailer's stock, valued at approximately $6,534,000.

A number of other hedge funds have also modified their holdings of the business. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the second quarter worth approximately $25,000. Valued Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer's stock valued at $25,000 after purchasing an additional 177 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $27,000. New Millennium Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of TJX Companies in the 1st quarter valued at $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. TD Cowen lifted their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Telsey Advisory Group restated an "outperform" rating and set a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. BMO Capital Markets lifted their target price 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 lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Finally, Evercore ISI lifted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $126.76.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $1.04 on Thursday, hitting $118.29. The company had a trading volume of 3,186,773 shares, compared to its average volume of 5,354,169. The business has a 50-day simple moving average of $114.76 and a 200-day simple moving average of $106.01. 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 market cap of $133.42 billion, a PE ratio of 29.35, a PEG ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.13.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Research analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. TJX Companies's dividend payout ratio (DPR) is presently 37.22%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is 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.