Asahi Life Asset Management CO. LTD. Purchases Shares of 2,150 The TJX Companies, Inc. (NYSE:TJX)

Asahi Life Asset Management CO. LTD. purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,150 shares of the apparel and home fashions retailer's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Brighton Jones LLC grew its stake in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after buying an additional 235 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of TJX Companies by 62.3% during the fourth quarter. Proficio Capital Partners LLC now owns 4,473 shares of the apparel and home fashions retailer's stock valued at $540,000 after purchasing an additional 1,717 shares during the last quarter. Twin Tree Management LP increased its holdings in TJX Companies by 226.6% during the fourth quarter. Twin Tree Management LP now owns 189,501 shares of the apparel and home fashions retailer's stock valued at $22,894,000 after buying an additional 339,203 shares during the last quarter. Finally, Cibc World Markets Corp boosted its position in shares of TJX Companies by 16.0% during the fourth quarter. Cibc World Markets Corp now owns 177,951 shares of the apparel and home fashions retailer's stock worth $21,498,000 after acquiring an additional 24,561 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TJX. Daiwa Capital Markets started coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group restated a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $141.06.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $1.81 during mid-day trading on Tuesday, reaching $121.75. 4,719,616 shares of the stock traded hands, compared to its average volume of 5,203,872. The business has a 50-day moving average of $126.71 and a 200 day moving average of $124.12. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The stock has a market capitalization of $136.01 billion, a PE ratio of 28.65, a PEG ratio of 2.89 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period last year, the firm earned $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.40%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

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.