Nomura Asset Management Co. Ltd. Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Nomura Asset Management Co. Ltd. cut its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 405,555 shares of the apparel and home fashions retailer's stock after selling 21,018 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in TJX Companies were worth $48,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bogart Wealth LLC acquired a new position in TJX Companies during the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies in the fourth quarter valued at about $26,000. Legacy Investment Solutions LLC bought a new position in TJX Companies during the third quarter valued at $30,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth $29,000. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the 4th quarter valued at $30,000. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TJX shares. Barclays upped their target price on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Guggenheim increased their target price on TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Two equities 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $135.06.

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Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 3.0 %

Shares of TJX traded up $3.51 during mid-day trading on Monday, hitting $121.72. 2,712,039 shares of the company's stock traded hands, compared to its average volume of 5,190,102. 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 1 year low of $92.35 and a 1 year high of $128.00. The firm has a market capitalization of $136.83 billion, a P/E ratio of 28.59, a PEG ratio of 2.75 and a beta of 0.96. The business's 50-day moving average price is $121.61 and its 200-day moving average price is $120.24.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.