Norinchukin Bank The Sells 6,591 Shares of The TJX Companies, Inc. (NYSE:TJX)

Norinchukin Bank The cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277,248 shares of the apparel and home fashions retailer's stock after selling 6,591 shares during the quarter. TJX Companies makes up approximately 0.7% of Norinchukin Bank The's portfolio, making the stock its 26th biggest position. Norinchukin Bank The's holdings in TJX Companies were worth $33,494,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $26,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at $32,000. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the firm's 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 filing with the Securities & Exchange Commission, which can be accessed 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 completion of the transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TJX. BMO Capital Markets increased their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, UBS Group boosted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.76.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.44 during midday trading on Wednesday, reaching $125.27. The company had a trading volume of 2,331,123 shares, compared to its average volume of 5,373,229. The stock has a market cap of $139.94 billion, a P/E ratio of 29.48, a P/E/G ratio of 2.75 and a beta of 0.86. The company's 50 day moving average price is $121.83 and its 200 day moving average price is $121.18. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $93.39 and a 52-week high of $131.30.

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

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a $0.425 dividend. 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 yield of 1.36%. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is currently 39.91%.

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.