PDS Planning Inc Has $850,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

PDS Planning Inc lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,039 shares of the apparel and home fashions retailer’s stock after selling 578 shares during the quarter. PDS Planning Inc’s holdings in TJX Companies were worth $850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its position in TJX Companies by 1.0% during the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after purchasing an additional 469,287 shares during the period. Geode Capital Management LLC increased its position in TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock valued at $2,795,121,000 after purchasing an additional 363,707 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after purchasing an additional 643,833 shares during the period. Franklin Resources Inc. increased its position in TJX Companies by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 7,271,499 shares of the apparel and home fashions retailer’s stock valued at $837,951,000 after purchasing an additional 657,529 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of TJX Companies by 13.3% during the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer’s stock worth $850,428,000 after buying an additional 827,103 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley raised their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.06.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction 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. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $114.52 on Tuesday. 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’s fifty day simple moving average is $122.05 and its two-hundred day simple moving average is $120.18. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The stock has a market cap of $128.73 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.