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

Mount Lucas Management LP acquired a new stake in shares of 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 acquired 23,955 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,637,000.

Other institutional investors also recently bought and sold shares of the company. Richard W. Paul & Associates LLC purchased a new position in TJX Companies during the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC grew its holdings in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the last quarter. First Pacific Financial purchased a new position in TJX Companies in the first quarter worth $29,000. Frazier Financial Advisors LLC purchased a new position in TJX Companies in the fourth quarter worth $27,000. Finally, New Millennium Group LLC purchased a new position in TJX Companies in the second quarter worth $34,000. 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 several analyst reports. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Barclays boosted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Performance

NYSE TJX traded down $2.39 on Friday, reaching $115.62. 4,827,263 shares of the company’s stock traded hands, compared to its average volume of 5,428,720. The firm has a market cap of $130.67 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 2.97 and a beta of 0.89. The stock has a 50 day moving average price of $113.58 and a 200-day moving average price of $104.88. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during 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 quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies 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.