Banco Bilbao Vizcaya Argentaria S.A. Has $33.44 Million Position in The TJX Companies, Inc. $TJX

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.4% during the 3rd quarter, Holdings Channel.com reports. The firm 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 Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of TJX. Lavaca Capital LLC acquired a new position in TJX Companies in the 2nd quarter valued at about $25,000. Dogwood Wealth Management LLC raised its holdings in TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares during the period. GGM Financials LLC acquired a new stake in TJX Companies during the third quarter worth approximately $27,000. Imprint Wealth LLC bought a new stake in shares of TJX Companies during the third quarter worth approximately $27,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of TJX Companies during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TJX shares. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. JPMorgan Chase & Co. boosted their price target on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Guggenheim raised TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Finally, Telsey Advisory Group lifted their target price on TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Trading Down 0.3%

Shares of TJX stock opened at $155.40 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The stock has a market cap of $172.56 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 3.57 and a beta of 0.73. The stock has a 50 day simple moving average of $155.56 and a 200 day simple moving average of $149.36. The TJX Companies, Inc. has a 1 year low of $112.30 and a 1 year high of $162.68.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $1.23 EPS. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% 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 link. Company insiders own 0.13% of the company’s stock.

About TJX Companies

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.