Nippon Life Global Investors Americas Inc. Trims Position in The TJX Companies, Inc. (NYSE:TJX)

Nippon Life Global Investors Americas Inc. trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,930 shares of the apparel and home fashions retailer's stock after selling 18,640 shares during the quarter. TJX Companies accounts for approximately 1.1% of Nippon Life Global Investors Americas Inc.'s holdings, making the stock its 28th largest position. Nippon Life Global Investors Americas Inc.'s holdings in TJX Companies were worth $22,825,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the 4th quarter worth approximately $26,000. SOA Wealth Advisors LLC. purchased a new position in TJX Companies in the 4th quarter worth approximately $30,000. Millstone Evans Group LLC bought a new position in TJX Companies in the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $32,000. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. UBS Group boosted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $135.76.

TJX Companies Trading Up 0.1 %

Shares of NYSE TJX traded up $0.14 during midday trading on Friday, hitting $126.64. The company's stock had a trading volume of 4,205,680 shares, compared to its average volume of 5,370,438. The business's 50 day moving average is $121.89 and its two-hundred day moving average is $121.31. The TJX Companies, Inc. has a 12-month low of $93.39 and a 12-month high of $131.30. 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 $141.47 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during 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%. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. TJX Companies's payout ratio is presently 39.91%.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

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.