Mitsubishi UFJ Asset Management UK Ltd. Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. has acquired 15,000 shares of The TJX Companies, valued at approximately $1.83 million, making it the 23rd largest holding in their portfolio.
• Institutional investors collectively own 91.09% of TJX Companies stock, with notable acquisitions from firms such as Nuveen LLC and GAMMA Investing LLC, which significantly increased their holdings.
• The TJX Companies announced a quarterly dividend of $0.425 per share, with an annualized dividend yield of 1.3%, payable to shareholders on September 4th.

Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,000 shares of the apparel and home fashions retailer's stock, valued at approximately $1,827,000. TJX Companies comprises about 1.0% of Mitsubishi UFJ Asset Management UK Ltd.'s portfolio, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new position in TJX Companies in the first quarter worth about $1,330,717,000. GAMMA Investing LLC grew its holdings in TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after purchasing an additional 2,892,151 shares during the period. Capital Research Global Investors grew its holdings in TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after purchasing an additional 2,266,415 shares during the period. Northern Trust Corp grew its holdings in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after buying an additional 1,403,561 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

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

Analyst Ratings Changes

A number of research firms have recently commented on TJX. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Daiwa Capital Markets started coverage on shares of TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target on the stock. Robert W. Baird increased their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $141.33.

TJX Companies Trading Up 0.5%

Shares of TJX Companies stock opened at $134.07 on Thursday. The company has a market capitalization of $149.77 billion, a P/E ratio of 31.55, a P/E/G ratio of 3.11 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The company has a fifty day moving average of $125.72 and a 200 day moving average of $124.99. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

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

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.

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