Daiwa Securities Group Inc. Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Daiwa Securities Group Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 167,425 shares of the apparel and home fashions retailer’s stock after buying an additional 26,092 shares during the quarter. Daiwa Securities Group Inc.’s holdings in TJX Companies were worth $19,679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the 3rd quarter valued at $30,000. New Millennium Group LLC purchased a new position in TJX Companies during the second quarter worth $34,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of TJX Companies in the third quarter worth $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets raised their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred 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 approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX Companies stock opened at $121.47 on Monday. The company has a market cap of $137.00 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10. 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 stock’s 50-day moving average is $116.52 and its 200-day moving average is $112.51.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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 issued a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s payout ratio is 35.29%.

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.