Corient Private Wealth LP lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 8.4% in the 2nd quarter, Holdings Channel reports. The fund owned 2,342,257 shares of the apparel and home fashions retailer’s stock after acquiring an additional 182,282 shares during the quarter. Corient Private Wealth LP’s holdings in TJX Companies were worth $354,852,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Danske Bank A S acquired a new position in shares of TJX Companies during the second quarter worth about $829,000. J.Safra Asset Management Corp raised its position in TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after buying an additional 2,989 shares during the last quarter. Bluedoor Private Wealth LLC acquired a new stake in TJX Companies in the 4th quarter valued at approximately $2,559,000. Man Group plc bought a new stake in TJX Companies in the 2nd quarter valued at approximately $217,422,000. Finally, Sigma Planning Corp lifted its stake in TJX Companies by 82.0% in the 2nd quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock valued at $3,167,000 after acquiring an additional 9,417 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.
TJX Companies Stock Up 0.3%
Shares of TJX stock opened at $126.44 on Friday. The TJX Companies, Inc. has a 52-week low of $125.56 and a 52-week high of $170.00. The stock has a market cap of $139.08 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.27 and a beta of 0.60. The firm’s 50-day moving average is $148.12 and its 200-day moving average is $154.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.
Wall Street Analysts Forecast Growth
TJX has been the subject of several research reports. Telsey Advisory Group raised their price target on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Wells Fargo & Company cut their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 20th. Barclays set a $188.00 target price on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Robert W. Baird raised their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $171.63.
About TJX Companies
The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.
TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.
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