The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the third quarter, HoldingsChannel reports. The fund owned 189,313 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,790 shares during the period. TJX Companies accounts for about 1.0% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 21st biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in TJX Companies were worth $22,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Trust Direct Indexing L.P. increased its holdings in shares of TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after acquiring an additional 5,207 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of TJX Companies by 9.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock worth $13,874,000 after buying an additional 11,447 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. Swedbank AB increased its position in TJX Companies by 45.9% in the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after acquiring an additional 327,684 shares during the period. Finally, UniSuper Management Pty Ltd raised its stake in TJX Companies by 176.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer’s stock valued at $2,565,000 after acquiring an additional 16,148 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX traded up $0.25 during mid-day trading on Thursday, hitting $121.01. The company’s stock had a trading volume of 338,696 shares, compared to its average volume of 5,205,721. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $116.21 and a 200-day moving average of $111.21. The company has a market capitalization of $136.48 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $121.92.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. TJX Companies’s payout ratio is 36.23%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TJX. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI lifted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Jefferies Financial Group increased their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Barclays lifted their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $127.12.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies 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.