Banco Bilbao Vizcaya Argentaria S.A. raised its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 2.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 231,393 shares of the apparel and home fashions retailer’s stock after acquiring an additional 5,327 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in TJX Companies were worth $33,443,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $1,808,774,000. Laurel Wealth Advisors LLC lifted its position in shares of TJX Companies by 12,417.0% in the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after purchasing an additional 4,024,859 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in TJX Companies by 91.6% during the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after purchasing an additional 3,208,458 shares during the last quarter. Corient Private Wealth LLC grew its position in TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after purchasing an additional 2,743,676 shares in the last quarter. Finally, ABN AMRO Bank N.V. bought a new position in TJX Companies in the second quarter valued at $244,687,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Stock Down 0.3%
TJX Companies stock opened at $155.40 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The company’s 50-day moving average is $155.56 and its 200-day moving average is $149.36. The firm has a market capitalization of $172.56 billion, a PE ratio of 31.84, a P/E/G ratio of 3.57 and a beta of 0.73. The TJX Companies, Inc. has a fifty-two week low of $112.30 and a fifty-two week high of $162.68.
Analyst Ratings Changes
TJX has been the topic of several recent research reports. BTIG Research reiterated a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a research note on Thursday, February 26th. TD Cowen restated a “buy” rating on shares of TJX Companies in a research note on Thursday, November 20th. UBS Group restated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Wells Fargo & Company reiterated a “positive” rating and set a $150.00 target price (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $167.55.
Get Our Latest Stock Report on TJX
Insider Transactions at TJX Companies
In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.
TJX Companies Profile
TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.
The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.
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