Nomura Asset Management Co. Ltd. Acquires 24,823 Shares of The TJX Companies, Inc. (NYSE:TJX)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,573 shares of the apparel and home fashions retailer's stock after acquiring an additional 24,823 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in TJX Companies were worth $50,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of TJX Companies by 1.0% during the third quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer's stock worth $5,589,783,000 after buying an additional 469,287 shares during the period. Ameriprise Financial Inc. raised its position in shares of TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock worth $1,347,934,000 after acquiring an additional 3,063,318 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of TJX Companies by 7.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer's stock valued at $1,079,319,000 after purchasing an additional 643,833 shares during the period. Dimensional Fund Advisors LP grew its stake in TJX Companies by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer's stock worth $689,812,000 after purchasing an additional 662,681 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of TJX Companies by 14.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer's stock worth $673,387,000 after buying an additional 759,427 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 1.0 %

Shares of TJX traded up $1.30 during mid-day trading on Tuesday, reaching $127.20. The company's stock had a trading volume of 5,997,236 shares, compared to its average volume of 5,244,579. The TJX Companies, Inc. has a 52 week low of $88.58 and a 52 week high of $128.00. The stock has a market cap of $142.99 billion, a PE ratio of 29.93, a P/E/G ratio of 3.10 and a beta of 0.90. The company's fifty day moving average price is $118.26 and its two-hundred day moving average price is $114.58. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 company 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%. TJX Companies's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

Analyst Ratings Changes

TJX has been the subject of several research reports. 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 note on Thursday, August 22nd. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Finally, Evercore ISI upped their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $130.89.

TJX Companies 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.