Tokio Marine Asset Management Co. Ltd. Has $31.34 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in The TJX Companies, Inc. by 1.1%, now owning 257,313 shares valued at approximately $31.3 million.
• Director Amy B. Lane sold 950 shares of TJX stock for about $121,685, reducing her ownership by 4.01%.
• TJX Companies reported a net margin of 8.47% and a year-over-year revenue increase of 5.1%, achieving $0.92 earnings per share in its latest quarterly earnings.

Tokio Marine Asset Management Co. Ltd. grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,313 shares of the apparel and home fashions retailer's stock after buying an additional 2,756 shares during the quarter. TJX Companies makes up approximately 1.1% of Tokio Marine Asset Management Co. Ltd.'s portfolio, making the stock its 18th largest position. Tokio Marine Asset Management Co. Ltd.'s holdings in TJX Companies were worth $31,341,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction 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 sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX stock traded down $1.11 on Thursday, reaching $132.99. 3,763,205 shares of the company were exchanged, compared to its average volume of 4,684,373. The TJX Companies, Inc. has a 12 month low of $110.24 and a 12 month high of $135.85. The stock's fifty day moving average price is $125.83 and its 200 day moving average price is $125.05. The firm has a market capitalization of $148.56 billion, a PE ratio of 31.29, a PEG ratio of 3.13 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

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

TJX Companies Announces Dividend

The firm 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 is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. TJX Companies's payout ratio is currently 40.00%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. UBS Group reiterated a "buy" rating and issued a $164.00 target price (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One equities 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. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $141.33.

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.