Asset Management One Co. Ltd. Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Asset Management One Co. Ltd. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 512,480 shares of the apparel and home fashions retailer’s stock after acquiring an additional 33,381 shares during the quarter. Asset Management One Co. Ltd.’s holdings in TJX Companies were worth $60,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter worth about $25,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the 3rd quarter worth about $30,000. New Millennium Group LLC acquired a new stake in TJX Companies during the 2nd quarter worth about $34,000. Anfield Capital Management LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at about $37,000. Finally, Northwest Investment Counselors LLC purchased a new stake in TJX Companies during the 3rd quarter worth approximately $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock traded up $0.60 on Monday, reaching $112.99. 144,243 shares of the company were exchanged, compared to its average volume of 5,196,413. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.13. The company has a market cap of $127.44 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 2.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The business has a 50-day moving average price of $116.42 and a 200 day moving average price of $110.07.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were 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 owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TJX. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Loop Capital boosted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America boosted their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company upped their target price on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

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.