The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 528,460 shares of the apparel and home fashions retailer's stock after purchasing an additional 15,980 shares during the quarter. Asset Management One Co. Ltd.'s holdings in TJX Companies were worth $65,478,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. raised its position in shares of TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock valued at $5,537,000 after purchasing an additional 5,207 shares during the last quarter. BLB&B Advisors LLC lifted its holdings in shares of TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after buying an additional 2,201 shares during the period. Empowered Funds LLC boosted its stake in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after buying an additional 3,691 shares during the last quarter. Courier Capital LLC grew its stake in shares of TJX Companies by 55.1% during the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer's stock worth $4,166,000 after purchasing an additional 12,247 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its holdings in TJX Companies by 397.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 4,970 shares of the apparel and home fashions retailer's stock valued at $600,000 after buying an additional 3,970 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price target 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. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $133.53.

TJX Companies Trading Down 0.4 %

Shares of TJX traded down $0.52 during midday trading on Tuesday, hitting $123.82. 5,092,109 shares of the stock were exchanged, compared to its average volume of 4,208,651. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a fifty day simple moving average of $123.14 and a 200 day simple moving average of $119.27. The firm has a market cap of $139.20 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.21%. TJX Companies's dividend payout ratio (DPR) is 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.