Mount Lucas Management LP Sells 10,793 Shares of The TJX Companies, Inc. (NYSE:TJX)

Mount Lucas Management LP cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 45.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,162 shares of the apparel and home fashions retailer's stock after selling 10,793 shares during the period. Mount Lucas Management LP's holdings in TJX Companies were worth $1,547,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. lifted its holdings in shares of TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock valued at $5,537,000 after buying an additional 5,207 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of TJX Companies by 9.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer's stock valued at $13,874,000 after purchasing an additional 11,447 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of TJX Companies by 35.9% during 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 during the last quarter. Swedbank AB lifted its stake in shares of TJX Companies by 45.9% in the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer's stock worth $114,722,000 after purchasing an additional 327,684 shares during the period. Finally, UniSuper Management Pty Ltd boosted its holdings in shares of TJX Companies by 176.6% in the first quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer's stock worth $2,565,000 after buying an additional 16,148 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TJX shares. Morgan Stanley lifted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Bank of America boosted their price target on TJX Companies from $115.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Loop Capital lifted their price objective on TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Sunday, September 15th. Finally, Citigroup lowered shares of TJX Companies from a "buy" rating to a "neutral" rating and upped their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $127.41.

TJX Companies Price Performance

NYSE:TJX traded up $0.06 during trading hours on Friday, reaching $119.97. The stock had a trading volume of 5,103,496 shares, compared to its average volume of 4,488,200. The stock has a market capitalization of $135.31 billion, a PE ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $122.10. The company has a 50 day moving average price of $116.33 and a two-hundred day moving average price of $111.56. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share 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 company had revenue of $13.47 billion for the quarter, compared to analysts' expectations of $13.31 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. TJX Companies's quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business 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 is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies's dividend payout ratio is currently 36.23%.

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.