Daiwa Securities Group Inc. Buys 4,932 Shares of The TJX Companies, Inc. (NYSE:TJX)

Daiwa Securities Group Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,357 shares of the apparel and home fashions retailer's stock after buying an additional 4,932 shares during the period. Daiwa Securities Group Inc.'s holdings in TJX Companies were worth $20,823,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TJX. Bogart Wealth LLC bought a new stake in TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC bought a new stake in TJX Companies during the 4th quarter worth $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC bought a new stake in TJX Companies during the 3rd quarter worth $30,000. Finally, Truvestments Capital LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Down 0.2 %

NYSE:TJX traded down $0.28 during mid-day trading on Wednesday, hitting $115.84. 1,807,454 shares of the company's stock were exchanged, compared to its average volume of 4,861,868. The company has a market cap of $130.22 billion, a PE ratio of 27.23, a P/E/G ratio of 2.75 and a beta of 0.96. The business has a fifty day moving average price of $122.61 and a 200 day moving average price of $120.33. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

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TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on TJX. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, January 10th. Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Guggenheim upped their target price on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group upped their price target on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $135.06.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the 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 disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

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.