Tredje AP fonden reduced its position in shares of TJX Companies Inc (NYSE:TJX) by 11.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,167 shares of the apparel and home fashions retailer’s stock after selling 11,593 shares during the period. Tredje AP fonden’s holdings in TJX Companies were worth $4,665,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in TJX Companies by 4.7% in the 1st quarter. BlackRock Inc. now owns 92,844,934 shares of the apparel and home fashions retailer’s stock worth $4,438,915,000 after purchasing an additional 4,189,911 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of TJX Companies by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 17,406,464 shares of the apparel and home fashions retailer’s stock worth $1,060,534,000 after buying an additional 763,029 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of TJX Companies by 6.2% in the fourth quarter. Fiera Capital Corp now owns 14,465,713 shares of the apparel and home fashions retailer’s stock valued at $883,277,000 after acquiring an additional 847,313 shares in the last quarter. Norges Bank bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $789,572,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of TJX Companies by 7.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 10,427,842 shares of the apparel and home fashions retailer’s stock valued at $636,724,000 after acquiring an additional 759,289 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.
NYSE:TJX traded down $1.05 during mid-day trading on Friday, hitting $53.25. 921,930 shares of the stock traded hands, compared to its average volume of 10,313,115. The business’s 50-day moving average price is $47.39 and its 200 day moving average price is $55.89. The company has a quick ratio of 0.56, a current ratio of 1.24 and a debt-to-equity ratio of 1.69. The company has a market cap of $60.91 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 3.78 and a beta of 0.70. TJX Companies Inc has a 12-month low of $32.72 and a 12-month high of $64.95.
TJX has been the subject of a number of recent analyst reports. Guggenheim upped their price objective on TJX Companies from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of TJX Companies from a “hold” rating to a “strong sell” rating and set a $50.00 price target for the company. in a research report on Saturday, May 2nd. Robert W. Baird lowered their price objective on shares of TJX Companies from $72.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. Nomura Securities reduced their target price on shares of TJX Companies from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Finally, Royal Bank of Canada lifted their price target on shares of TJX Companies from $48.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. TJX Companies currently has an average rating of “Buy” and an average target price of $64.04.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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