Daiwa Securities Group Inc. Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Daiwa Securities Group Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 18.5% in the third quarter, HoldingsChannel reports. The firm owned 167,425 shares of the apparel and home fashions retailer’s stock after purchasing an additional 26,092 shares during the period. Daiwa Securities Group Inc.’s holdings in TJX Companies were worth $19,679,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the 2nd quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter worth about $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the third quarter valued at about $30,000. New Millennium Group LLC acquired a new stake in TJX Companies during the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC bought a new position in TJX Companies during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TJX shares. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Trading Up 1.4 %

Shares of TJX stock opened at $121.47 on Monday. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $122.10. The firm has a market capitalization of $137.00 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The stock has a fifty day moving average of $116.52 and a two-hundred day moving average of $112.51. 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) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.03 earnings per share. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.