Asset Management One Co. Ltd. Acquires 17,131 Shares of The TJX Companies, Inc. (NYSE:TJX)

Asset Management One Co. Ltd. increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 545,591 shares of the apparel and home fashions retailer's stock after acquiring an additional 17,131 shares during the period. Asset Management One Co. Ltd.'s holdings in TJX Companies were worth $66,453,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Continuum Advisory LLC increased its holdings in shares of TJX Companies by 25.3% in the 1st quarter. Continuum Advisory LLC now owns 6,635 shares of the apparel and home fashions retailer's stock worth $808,000 after acquiring an additional 1,340 shares during the period. Consolidated Planning Corp increased its stake in TJX Companies by 5.6% during the 1st quarter. Consolidated Planning Corp now owns 34,600 shares of the apparel and home fashions retailer's stock valued at $4,214,000 after buying an additional 1,841 shares during the period. Stiles Financial Services Inc increased its stake in TJX Companies by 0.8% during the 1st quarter. Stiles Financial Services Inc now owns 27,778 shares of the apparel and home fashions retailer's stock valued at $3,383,000 after buying an additional 227 shares during the period. Verde Servicos Internacionais S.A. increased its stake in TJX Companies by 9.4% during the 1st quarter. Verde Servicos Internacionais S.A. now owns 142,698 shares of the apparel and home fashions retailer's stock valued at $17,381,000 after buying an additional 12,303 shares during the period. Finally, Live Oak Private Wealth LLC increased its stake in TJX Companies by 0.3% during the 1st quarter. Live Oak Private Wealth LLC now owns 65,231 shares of the apparel and home fashions retailer's stock valued at $7,945,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. UBS Group restated a "buy" rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Trading Down 0.1%

Shares of TJX traded down $0.06 during midday trading on Tuesday, hitting $124.70. The stock had a trading volume of 4,522,791 shares, compared to its average volume of 5,182,277. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The business has a 50-day simple moving average of $127.47 and a two-hundred day simple moving average of $124.08. The firm has a market cap of $139.30 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.51 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 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Buying and Selling

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 transaction of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.