Nippon Life Global Investors Americas Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,930 shares of the apparel and home fashions retailer's stock after selling 18,640 shares during the quarter. TJX Companies comprises about 1.1% of Nippon Life Global Investors Americas Inc.'s portfolio, making the stock its 28th largest holding. Nippon Life Global Investors Americas Inc.'s holdings in TJX Companies were worth $22,825,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after acquiring an additional 578,948 shares during the period. Geode Capital Management LLC lifted its position in TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors boosted its holdings in TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after purchasing an additional 626,739 shares during the last quarter. Norges Bank acquired a new stake in TJX Companies during the 4th quarter worth about $1,670,565,000. Finally, Invesco Ltd. raised its stake in shares of TJX Companies by 4.3% during the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock valued at $1,057,452,000 after buying an additional 363,879 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts recently commented on TJX shares. BMO Capital Markets raised their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and boosted their target price for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Robert W. Baird raised their price target on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $137.38.
View Our Latest Analysis on TJX
TJX Companies Price Performance
Shares of TJX Companies stock traded up $0.14 during trading hours on Friday, reaching $126.64. 4,205,680 shares of the company's stock were exchanged, compared to its average volume of 5,366,932. The business has a fifty day moving average of $121.95 and a two-hundred day moving average of $121.40. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $141.47 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $93.39 and a 1 year high of $131.30.
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 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. TJX Companies's dividend payout ratio (DPR) is 39.91%.
Insider Transactions at TJX Companies
In other news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.
TJX Companies Company Profile
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Free Report)
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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