The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 426,573 shares of the apparel and home fashions retailer’s stock after buying an additional 24,823 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in TJX Companies were worth $50,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. NorthCrest Asset Manangement LLC boosted its holdings in shares of TJX Companies by 10.7% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 3,261 shares of the apparel and home fashions retailer’s stock worth $359,000 after purchasing an additional 316 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in TJX Companies by 659.3% during the second quarter. Great Valley Advisor Group Inc. now owns 25,777 shares of the apparel and home fashions retailer’s stock worth $2,838,000 after buying an additional 22,382 shares during the last quarter. Deltec Asset Management LLC grew its holdings in TJX Companies by 31.0% in the 2nd quarter. Deltec Asset Management LLC now owns 13,100 shares of the apparel and home fashions retailer’s stock valued at $1,442,000 after buying an additional 3,100 shares in the last quarter. ORG Partners LLC increased its stake in shares of TJX Companies by 2,327.2% in the 2nd quarter. ORG Partners LLC now owns 1,966 shares of the apparel and home fashions retailer’s stock worth $218,000 after acquiring an additional 1,885 shares during the last quarter. Finally, Addenda Capital Inc. raised its holdings in shares of TJX Companies by 1.3% during the 2nd quarter. Addenda Capital Inc. now owns 122,931 shares of the apparel and home fashions retailer’s stock worth $13,535,000 after acquiring an additional 1,576 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Loop Capital upped their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Robert W. Baird upped their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Stock Performance

Shares of TJX stock opened at $125.91 on Tuesday. The firm has a 50 day moving average of $118.26 and a two-hundred day moving average of $114.58. The stock has a market capitalization of $141.54 billion, a PE ratio of 29.62, a P/E/G ratio of 3.10 and a beta of 0.90. 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 TJX Companies, Inc. has a 52 week low of $88.58 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) 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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the business posted $1.03 earnings per share. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.