Dai ichi Life Insurance Company Ltd Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Dai ichi Life Insurance Company Ltd grew its position in The TJX Companies, Inc. (NYSE:TJX) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,141 shares of the apparel and home fashions retailer’s stock after buying an additional 7,951 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in TJX Companies were worth $21,409,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the 2nd quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies in the third quarter worth about $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies in the third quarter worth about $30,000. Finally, New Millennium Group LLC purchased a new stake in shares of TJX Companies in the second quarter worth about $34,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Up 2.8 %

NYSE:TJX opened at $124.84 on Tuesday. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $125.43. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market cap of $140.80 billion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The stock has a fifty day moving average price of $116.63 and a 200 day moving average price of $112.69.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period last year, the firm earned $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on TJX shares. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Friday. Barclays increased their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

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.