Nippon Life Global Investors Americas Inc. Takes $16.99 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Nippon Life Global Investors Americas Inc. acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 154,340 shares of the apparel and home fashions retailer’s stock, valued at approximately $16,993,000.

Other hedge funds also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth $25,000. Valued Wealth Advisors LLC lifted its position in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the last quarter. New Millennium Group LLC purchased a new position in TJX Companies during the second quarter worth about $34,000. OFI Invest Asset Management acquired a new stake in shares of TJX Companies during the first quarter valued at about $30,000. Finally, AlphaMark Advisors LLC increased its position in shares of TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TJX shares. UBS Group increased their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI raised their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Jefferies Financial Group lifted their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird increased their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, TD Cowen lifted their target price on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.3 %

TJX Companies stock opened at $117.93 on Monday. The stock has a market cap of $133.28 billion, a PE ratio of 29.26, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock’s fifty day moving average is $114.83 and its two-hundred day moving average is $106.28. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. TJX Companies’s dividend payout ratio is presently 37.22%.

TJX Companies Company 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.