Nan Shan Life Insurance Co. Ltd. Invests $12.94 Million in The TJX Companies, Inc. (NYSE:TJX)

Nan Shan Life Insurance Co. Ltd. bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 107,092 shares of the apparel and home fashions retailer's stock, valued at approximately $12,938,000.

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth approximately $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies in the fourth quarter worth $30,000. Millstone Evans Group LLC bought a new position in TJX Companies during the 4th quarter valued at $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies during the 4th quarter worth $32,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TJX shares. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and upped their price target for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Robert W. Baird boosted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Barclays increased their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $136.94.

TJX Companies Price Performance

NYSE TJX opened at $130.81 on Wednesday. The TJX Companies, Inc. has a 1 year low of $97.53 and a 1 year high of $132.47. The business's fifty day moving average is $123.40 and its two-hundred day moving average is $122.57. The stock has a market capitalization of $146.13 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is a boost from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.30%. TJX Companies's dividend payout ratio is 39.91%.

Insider Buying and Selling at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.