Resona Asset Management Co. Ltd. Takes $44.93 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Resona Asset Management Co. Ltd. bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 370,628 shares of the apparel and home fashions retailer’s stock, valued at approximately $44,929,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TJX. Kidder Stephen W increased its stake in shares of TJX Companies by 0.4% during the fourth quarter. Kidder Stephen W now owns 75,522 shares of the apparel and home fashions retailer’s stock worth $9,124,000 after buying an additional 274 shares during the period. Broderick Brian C increased its position in shares of TJX Companies by 3.6% in the 4th quarter. Broderick Brian C now owns 109,629 shares of the apparel and home fashions retailer’s stock valued at $13,244,000 after purchasing an additional 3,765 shares during the last quarter. Savoir Faire Capital Management L.P. raised its holdings in shares of TJX Companies by 131.3% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 70,061 shares of the apparel and home fashions retailer’s stock valued at $8,464,000 after purchasing an additional 39,777 shares in the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of TJX Companies by 7.5% during the 4th quarter. Landscape Capital Management L.L.C. now owns 22,311 shares of the apparel and home fashions retailer’s stock worth $2,695,000 after purchasing an additional 1,549 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of TJX Companies by 7.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,471 shares of the apparel and home fashions retailer’s stock worth $299,000 after purchasing an additional 161 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX stock opened at $121.92 on Friday. The stock’s 50-day moving average price is $121.69 and its 200 day moving average price is $120.37. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $137.06 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.33.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio is presently 35.21%.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Robert W. Baird lifted their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Morgan Stanley upped their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $135.76.

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.