Lbp Am Sa purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,563 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,397,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Madison Investment Advisors LLC bought a new position in shares of TJX Companies during the 4th quarter worth $61,908,000. Impact Capital Partners LLC bought a new stake in TJX Companies during the fourth quarter valued at about $1,381,000. DecisionMap Wealth Management LLC bought a new stake in TJX Companies during the fourth quarter valued at about $227,000. PGGM Investments boosted its position in TJX Companies by 13.1% during the fourth quarter. PGGM Investments now owns 185,997 shares of the apparel and home fashions retailer’s stock valued at $22,470,000 after purchasing an additional 21,506 shares in the last quarter. Finally, Balboa Wealth Partners boosted its position in TJX Companies by 18.8% during the fourth quarter. Balboa Wealth Partners now owns 3,306 shares of the apparel and home fashions retailer’s stock valued at $399,000 after purchasing an additional 522 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.
TJX Companies Stock Up 0.4 %
Shares of TJX stock opened at $113.27 on Friday. The stock has a 50 day moving average of $122.18 and a 200 day moving average of $120.20. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $127.34 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00.
Insider Activity at TJX Companies
In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.
Analysts Set New Price Targets
TJX has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Guggenheim increased their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.06.
Get Our Latest Stock Report on TJX Companies
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.
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