Nissay Asset Management Corp Japan ADV Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Nissay Asset Management Corp Japan ADV raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 181,576 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,068 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in TJX Companies were worth $22,505,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Alliance LLC boosted its holdings in TJX Companies by 1.4% during the fourth quarter. Fiduciary Alliance LLC now owns 10,048 shares of the apparel and home fashions retailer’s stock worth $1,214,000 after buying an additional 139 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of TJX Companies by 81.8% in the 4th quarter. Capital Investment Advisors LLC now owns 4,853 shares of the apparel and home fashions retailer’s stock worth $586,000 after acquiring an additional 2,184 shares during the period. CHICAGO TRUST Co NA grew its holdings in shares of TJX Companies by 44.5% in the 4th quarter. CHICAGO TRUST Co NA now owns 4,131 shares of the apparel and home fashions retailer’s stock worth $499,000 after acquiring an additional 1,272 shares during the period. Wedmont Private Capital grew its holdings in shares of TJX Companies by 7.4% in the 4th quarter. Wedmont Private Capital now owns 15,285 shares of the apparel and home fashions retailer’s stock worth $1,835,000 after acquiring an additional 1,052 shares during the period. Finally, Cooper Financial Group grew its holdings in shares of TJX Companies by 28.9% in the 4th quarter. Cooper Financial Group now owns 2,448 shares of the apparel and home fashions retailer’s stock worth $296,000 after acquiring an additional 549 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $130.81 on Wednesday. The TJX Companies, Inc. has a 1-year low of $97.53 and a 1-year high of $132.47. The business has a 50-day moving average of $123.40 and a 200-day moving average of $122.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market capitalization of $146.13 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 2.75 and a beta of 0.94.

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 (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s dividend payout ratio is 39.91%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TJX. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Barclays lifted their target price 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. BMO Capital Markets increased their target price on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Morgan Stanley lowered their target price on TJX Companies from $136.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.94.

Insider Activity

In other TJX Companies news, 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 transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

About TJX Companies

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.