Nippon Life Global Investors Americas Inc. Sells 138,410 Shares of The TJX Companies, Inc. $TJX

Nippon Life Global Investors Americas Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 93.9% in the third quarter, Holdings Channel reports. The firm owned 8,970 shares of the apparel and home fashions retailer’s stock after selling 138,410 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in TJX Companies were worth $1,187,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cetera Trust Company N.A purchased a new position in TJX Companies in the second quarter valued at about $27,000. William Mack & Associates Inc. acquired a new stake in shares of TJX Companies in the third quarter valued at about $29,000. Balance Wealth Partners LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $31,000. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of TJX Companies during the 2nd quarter valued at about $35,000. Finally, Cedar Mountain Advisors LLC raised its holdings in shares of TJX Companies by 47.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock valued at $36,000 after buying an additional 73 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.0%

Shares of TJX stock opened at $140.34 on Monday. The TJX Companies, Inc. has a 1 year low of $122.78 and a 1 year high of $170.00. The firm has a market capitalization of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. The stock has a fifty day moving average of $135.71 and a two-hundred day moving average of $151.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies’s dividend payout ratio is currently 35.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays set a $188.00 price target on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Morgan Stanley set a $178.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Wells Fargo & Company reduced their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 20th. BTIG Research reissued a “buy” rating and set a $190.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Finally, Daiwa Securities Group reduced their price objective on TJX Companies from $168.00 to $155.00 in a research report on Tuesday, August 25th. Twenty-one investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.95.

About TJX Companies

The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.