Resona Asset Management Co. Ltd. Raises Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Resona Asset Management Co. Ltd. increased its holdings in The TJX Companies by 8.2%, owning over 400,000 shares valued at approximately $48.6 million.
• Several institutional investors significantly boosted their stakes in TJX Companies during the first quarter, with TCTC Holdings LLC increasing its holdings by 210.1%.
• The TJX Companies reported a quarterly EPS of $0.92, exceeding analyst expectations, and a revenue increase of 5.1% year-over-year, totaling $13.11 billion.

Resona Asset Management Co. Ltd. grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 400,862 shares of the apparel and home fashions retailer's stock after buying an additional 30,234 shares during the period. Resona Asset Management Co. Ltd.'s holdings in TJX Companies were worth $48,618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TCTC Holdings LLC raised its holdings in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies in the first quarter valued at about $37,000. Finally, Rialto Wealth Management LLC raised its holdings in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX stock traded down $0.37 during trading hours on Friday, hitting $132.58. The company's stock had a trading volume of 4,796,022 shares, compared to its average volume of 5,289,420. The business has a fifty day moving average of $125.83 and a 200-day moving average of $125.05. The stock has a market cap of $148.11 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 3.13 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $110.96 and a twelve month high of $135.85. 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 released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 earnings per share. As a group, equities research analysts anticipate 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. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on TJX. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Telsey Advisory Group reissued an "outperform" rating and set a $150.00 price target on shares of TJX Companies in a report on Wednesday. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Barclays reissued an "overweight" rating and set a $147.00 price target (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $141.33.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the 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 owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.