Tokio Marine Asset Management Co. Ltd. Buys 734 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tokio Marine Asset Management Co. Ltd. raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 197,464 shares of the apparel and home fashions retailer’s stock after acquiring an additional 734 shares during the period. TJX Companies comprises about 1.0% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 24th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in TJX Companies were worth $18,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new position in TJX Companies in the fourth quarter worth $28,000. BKM Wealth Management LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at $30,000. Larson Financial Group LLC lifted its stake in shares of TJX Companies by 76.0% during the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after acquiring an additional 168 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in shares of TJX Companies during the fourth quarter valued at $40,000. Finally, Steward Financial Group LLC lifted its stake in shares of TJX Companies by 56.5% during the third quarter. Steward Financial Group LLC now owns 493 shares of the apparel and home fashions retailer’s stock valued at $43,000 after acquiring an additional 178 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Redburn Atlantic lowered TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. BMO Capital Markets upped their price target on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, UBS Group increased their target price on TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $102.19.

TJX Companies Stock Up 0.8 %

Shares of NYSE:TJX traded up $0.78 during mid-day trading on Wednesday, reaching $95.28. 6,387,370 shares of the stock were exchanged, compared to its average volume of 5,054,453. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The company has a market cap of $107.95 billion, a P/E ratio of 24.68, a P/E/G ratio of 2.42 and a beta of 0.86. The TJX Companies, Inc. has a one year low of $75.65 and a one year high of $102.84. The stock’s 50 day simple moving average is $97.39 and its 200-day simple moving average is $93.80.

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

TJX Companies announced that its board has initiated a share buyback plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be issued a dividend of $0.375 per share. The ex-dividend date is Wednesday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.57%. TJX Companies’s dividend payout ratio (DPR) is presently 34.46%.

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.