Dai ichi Life Insurance Company Ltd Purchases 7,951 Shares of The TJX Companies, Inc. (NYSE:TJX)

Dai ichi Life Insurance Company Ltd raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,141 shares of the apparel and home fashions retailer's stock after acquiring an additional 7,951 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in TJX Companies were worth $21,409,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TJX. Richard W. Paul & Associates LLC bought a new position in TJX Companies during the 2nd quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the 3rd quarter valued at $29,000. Truvestments Capital LLC bought a new position in TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the 3rd quarter valued at $30,000. Finally, New Millennium Group LLC bought a new position in TJX Companies during the 2nd quarter valued at $34,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TJX shares. StockNews.com lowered TJX Companies from a "buy" rating to a "hold" rating in a research report on Friday. Barclays raised their target price on TJX Companies from $114.00 to $136.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their target price on TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. Bank of America raised their target price on TJX Companies from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley raised their target price on TJX Companies from $122.00 to $129.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $129.47.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the business's 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 completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Price Performance

TJX stock traded up $1.32 during mid-day trading on Tuesday, reaching $126.11. 2,139,691 shares of the company traded hands, compared to its average volume of 5,255,014. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market capitalization of $142.24 billion, a P/E ratio of 29.37, a P/E/G ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $126.21. The company has a fifty day moving average price of $116.63 and a 200-day moving average price of $112.69.

TJX Companies (NYSE:TJX - Get Free Report) last posted its 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. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies's dividend payout ratio (DPR) 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.