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

GDS Wealth Management increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,097 shares of the apparel and home fashions retailer’s stock after acquiring an additional 13,225 shares during the period. GDS Wealth Management’s holdings in TJX Companies were worth $8,264,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TJX. Anchor Investment Management LLC bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $30,000. Larson Financial Group LLC grew its stake in shares of TJX Companies by 76.0% during the 3rd quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock worth $35,000 after acquiring an additional 168 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in TJX Companies in the 4th quarter worth about $40,000. Finally, Gradient Investments LLC lifted its holdings in TJX Companies by 86.7% during the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock valued at $45,000 after purchasing an additional 222 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.5 %

NYSE TJX traded up $0.45 during trading hours on Thursday, reaching $98.95. 6,000,557 shares of the company’s stock traded hands, compared to its average volume of 5,110,173. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm has a 50-day simple moving average of $96.80 and a 200 day simple moving average of $94.26. The TJX Companies, Inc. has a 52-week low of $75.65 and a 52-week high of $102.84. The firm has a market cap of $112.11 billion, a PE ratio of 25.62, a PEG ratio of 2.49 and a beta of 0.87.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.1 EPS for the current fiscal year.

TJX Companies declared that its board has authorized a stock buyback plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a $0.375 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s payout ratio is presently 34.46%.

Analyst Ratings Changes

Several equities analysts recently commented on TJX shares. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. UBS Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $104.00 to $132.00 in a research report on Thursday, May 2nd. BMO Capital Markets lifted their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Telsey Advisory Group restated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Finally, Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.29.

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.