The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,300 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,430 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in TJX Companies were worth $22,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. E Fund Management Co. Ltd. acquired a new position in shares of TJX Companies during the second quarter worth approximately $521,000. Axxcess Wealth Management LLC raised its stake in TJX Companies by 15.4% during the 2nd quarter. Axxcess Wealth Management LLC now owns 16,397 shares of the apparel and home fashions retailer’s stock valued at $1,805,000 after acquiring an additional 2,186 shares in the last quarter. Perennial Investment Advisors LLC boosted its position in TJX Companies by 22.6% during the 2nd quarter. Perennial Investment Advisors LLC now owns 4,527 shares of the apparel and home fashions retailer’s stock worth $498,000 after acquiring an additional 834 shares during the period. Tower Wealth Partners Inc. bought a new position in shares of TJX Companies in the second quarter worth $260,000. Finally, Plancorp LLC increased its holdings in shares of TJX Companies by 3.6% during the second quarter. Plancorp LLC now owns 2,930 shares of the apparel and home fashions retailer’s stock valued at $323,000 after purchasing an additional 103 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

TJX stock opened at $117.25 on Thursday. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The firm has a 50-day moving average of $114.68 and a two-hundred day moving average of $105.93. The firm has a market capitalization of $132.24 billion, a PE ratio of 29.09, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly 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. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Bank of America increased their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group boosted their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.