GDS Wealth Management Raises Stake in The TJX Companies, Inc. (NYSE:TJX)

GDS Wealth Management boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 11.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 112,431 shares of the apparel and home fashions retailer’s stock after buying an additional 11,549 shares during the period. GDS Wealth Management’s holdings in TJX Companies were worth $12,379,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC boosted its position in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the period. Frazier Financial Advisors LLC acquired a new stake in TJX Companies in the 4th quarter valued at $27,000. New Millennium Group LLC purchased a new position in TJX Companies in the second quarter valued at about $34,000. Finally, OFI Invest Asset Management acquired a new position in shares of TJX Companies during the first quarter worth about $30,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Down 0.2 %

NYSE:TJX opened at $119.60 on Tuesday. The stock has a market cap of $135.17 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.99 and a beta of 0.89. The business has a fifty day moving average of $114.48 and a 200-day moving average of $105.71. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Equities analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TJX shares. Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. TD Cowen upped their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird upped their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Company Profile

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.