Tokio Marine Asset Management Co. Ltd. Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,464 shares of the apparel and home fashions retailer’s stock after acquiring an additional 734 shares during the quarter. TJX Companies accounts for about 1.0% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 24th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in TJX Companies were worth $18,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. IFP Advisors Inc increased its position in shares of TJX Companies by 11.8% during the third quarter. IFP Advisors Inc now owns 5,153 shares of the apparel and home fashions retailer’s stock valued at $458,000 after acquiring an additional 542 shares during the last quarter. RFG Advisory LLC increased its position in shares of TJX Companies by 60.2% during the third quarter. RFG Advisory LLC now owns 5,902 shares of the apparel and home fashions retailer’s stock valued at $525,000 after acquiring an additional 2,218 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $220,000. Avior Wealth Management LLC increased its position in shares of TJX Companies by 3.3% during the third quarter. Avior Wealth Management LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock valued at $331,000 after acquiring an additional 119 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its position in TJX Companies by 9.9% in the third quarter. Meridian Wealth Management LLC now owns 7,606 shares of the apparel and home fashions retailer’s stock worth $676,000 after buying an additional 683 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TJX. Telsey Advisory Group reissued an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research report on Wednesday, February 28th. BMO Capital Markets raised their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research report on Monday, February 5th. Finally, UBS Group raised their target price on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $102.19.

TJX Companies Price Performance

NYSE:TJX traded up $0.78 during trading hours on Wednesday, hitting $95.28. 6,387,370 shares of the company’s stock traded hands, compared to its average volume of 5,054,453. The firm has a market cap of $107.95 billion, a P/E ratio of 24.68, a P/E/G ratio of 2.42 and a beta of 0.86. The TJX Companies, Inc. has a 52 week low of $75.65 and a 52 week high of $102.84. The business’s fifty day simple moving average is $97.39 and its two-hundred day simple moving average is $93.80. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.07 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 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.57%. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

TJX Companies declared that its board has approved a stock buyback program on Wednesday, February 28th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

About TJX Companies

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.