Mount Lucas Management LP Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Mount Lucas Management LP acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,955 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,637,000.

Other large investors have also modified their holdings of the company. Running Oak Capital LLC raised its position in shares of TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after purchasing an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board raised its position in shares of TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after purchasing an additional 9,500 shares during the last quarter. Options Solutions LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $726,000. Advisors Capital Management LLC raised its position in shares of TJX Companies by 3.7% during the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its position in shares of TJX Companies by 10.6% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 82,849 shares of the apparel and home fashions retailer’s stock worth $7,772,000 after purchasing an additional 7,924 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 2.0 %

Shares of TJX stock traded down $2.39 during trading hours on Friday, hitting $115.62. The company had a trading volume of 4,827,263 shares, compared to its average volume of 5,428,720. The company’s fifty day moving average is $113.58 and its 200 day moving average is $104.88. 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 TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The stock has a market capitalization of $130.67 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. TD Cowen upped their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. Loop Capital upped their price objective 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. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group increased their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

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.