The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,994 shares of the apparel and home fashions retailer’s stock after buying an additional 9,895 shares during the period. Daiwa Securities Group Inc.’s holdings in TJX Companies were worth $11,256,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in TJX Companies in the third quarter valued at about $29,000. BKM Wealth Management LLC acquired a new stake in TJX Companies in the fourth quarter valued at about $30,000. ICA Group Wealth Management LLC acquired a new stake in shares of TJX Companies during the 4th quarter valued at approximately $27,000. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

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

TJX Companies Stock Up 0.4 %

TJX stock opened at $93.47 on Thursday. The stock has a market capitalization of $105.90 billion, a P/E ratio of 24.12, a PEG ratio of 2.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.64 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The company has a 50 day moving average price of $97.80 and a two-hundred day moving average price of $93.59.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. TJX Companies’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.375 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, May 15th. TJX Companies’s payout ratio is presently 38.86%.

TJX Companies announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares buyback programs are often 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 TJX Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction 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. 0.13% of the stock is owned by company insiders.

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.