The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 80.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,943,176 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,313,517 shares during the quarter. TJX Companies comprises approximately 1.2% of Los Angeles Capital Management LLC’s portfolio, making the stock its 12th biggest position. Los Angeles Capital Management LLC owned approximately 0.26% of TJX Companies worth $324,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Cullen Frost Bankers Inc. boosted its holdings in shares of TJX Companies by 0.5% in the second quarter. Cullen Frost Bankers Inc. now owns 153,207 shares of the apparel and home fashions retailer’s stock valued at $16,868,000 after acquiring an additional 718 shares during the period. Commonwealth Retirement Investments LLC acquired a new stake in shares of TJX Companies during the second quarter worth $1,037,000. Lake Street Advisors Group LLC lifted its holdings in shares of TJX Companies by 60.3% during the second quarter. Lake Street Advisors Group LLC now owns 19,335 shares of the apparel and home fashions retailer’s stock worth $2,129,000 after purchasing an additional 7,276 shares during the period. Advisor OS LLC lifted its holdings in shares of TJX Companies by 6.7% during the second quarter. Advisor OS LLC now owns 2,644 shares of the apparel and home fashions retailer’s stock worth $291,000 after purchasing an additional 166 shares during the period. Finally, Candriam S.C.A. lifted its holdings in shares of TJX Companies by 33.8% during the second quarter. Candriam S.C.A. now owns 540,379 shares of the apparel and home fashions retailer’s stock worth $59,493,000 after purchasing an additional 136,589 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Sanford C. Bernstein increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Loop Capital increased their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $2.39 during trading on Friday, reaching $115.62. The stock had a trading volume of 4,827,263 shares, compared to its average volume of 5,428,720. The TJX Companies, Inc. has a one year low of $86.71 and a one year 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. The stock has a market cap of $130.67 billion, a PE ratio of 28.69, a P/E/G ratio of 2.97 and a beta of 0.89. The firm’s 50 day moving average price is $113.58 and its two-hundred day moving average price is $104.82.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

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.