TJX Companies, Inc. (The) (TJX) Stake Decreased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 1.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 96,121 shares of the apparel and home fashions retailer’s stock after selling 1,293 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in TJX Companies, Inc. (The) were worth $7,188,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in TJX Companies, Inc. (The) by 28.5% in the third quarter. JPMorgan Chase & Co. now owns 13,526,285 shares of the apparel and home fashions retailer’s stock worth $1,011,496,000 after buying an additional 2,996,299 shares during the last quarter. Royal Bank of Canada boosted its stake in TJX Companies, Inc. (The) by 22.8% in the second quarter. Royal Bank of Canada now owns 5,523,149 shares of the apparel and home fashions retailer’s stock worth $426,553,000 after buying an additional 1,025,752 shares during the last quarter. AXA boosted its stake in TJX Companies, Inc. (The) by 54.0% in the second quarter. AXA now owns 2,151,009 shares of the apparel and home fashions retailer’s stock worth $166,122,000 after buying an additional 754,365 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in TJX Companies, Inc. (The) by 21.6% in the second quarter. TIAA CREF Investment Management LLC now owns 4,017,628 shares of the apparel and home fashions retailer’s stock worth $310,281,000 after buying an additional 713,473 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in TJX Companies, Inc. (The) by 3.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 18,773,971 shares of the apparel and home fashions retailer’s stock worth $1,449,914,000 after buying an additional 652,818 shares during the last quarter. 86.35% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for TJX Companies, Inc. (The) (NYSE:TJX)

Shares of TJX Companies, Inc. (NYSE:TJX) traded down 0.9540% during trading on Wednesday, reaching $75.9584. The company had a trading volume of 882,675 shares. The firm has a 50 day moving average price of $77.23 and a 200 day moving average price of $76.85. TJX Companies, Inc. has a 12 month low of $65.64 and a 12 month high of $83.64. The company has a market cap of $49.52 billion, a price-to-earnings ratio of 22.2491 and a beta of 0.71.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. TJX Companies, Inc. (The) had a net margin of 7.00% and a return on equity of 53.12%. The company earned $8.29 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the business posted $0.86 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts predict that TJX Companies, Inc. will post $3.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, February 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies, Inc. (The)’s dividend payout ratio is 30.41%.

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A number of analysts recently issued reports on TJX shares. Stifel Nicolaus reduced their price objective on TJX Companies, Inc. (The) from $92.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, November 16th. RBC Capital Markets reissued a “buy” rating and set a $80.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Thursday, January 5th. Wedbush lifted their price objective on TJX Companies, Inc. (The) from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. J P Morgan Chase & Co reissued an “overweight” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Wednesday, October 12th. Finally, Zacks Investment Research cut TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Four investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.94.

In other news, EVP Kenneth Canestrari sold 6,701 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $79.56, for a total transaction of $533,131.56. Following the completion of the transaction, the executive vice president now directly owns 64,871 shares in the company, valued at approximately $5,161,136.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.30% of the company’s stock.

About TJX Companies, Inc. (The)

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

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