Daiwa Securities Group Inc. Acquires 2,559 Shares of TJX Companies Inc (TJX)

Daiwa Securities Group Inc. grew its holdings in TJX Companies Inc (NYSE:TJX) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,962 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,559 shares during the quarter. Daiwa Securities Group Inc.’s holdings in TJX Companies were worth $3,581,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TJX. Cornerstone Advisors Inc. lifted its position in TJX Companies by 280.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock worth $106,000 after purchasing an additional 821 shares during the period. Icon Wealth Partners LLC bought a new stake in TJX Companies during the second quarter worth about $106,000. North Star Investment Management Corp. bought a new stake in TJX Companies during the second quarter worth about $114,000. City Holding Co. bought a new stake in TJX Companies during the second quarter worth about $114,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in TJX Companies during the third quarter worth about $114,000. 90.12% of the stock is owned by institutional investors.

Shares of NYSE TJX opened at $55.54 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. The stock has a market cap of $67.79 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 2.04 and a beta of 0.65. TJX Companies Inc has a 12 month low of $33.22 and a 12 month high of $56.64.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The firm had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, sell-side analysts predict that TJX Companies Inc will post 4.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s payout ratio is 38.61%.

TJX has been the subject of several recent analyst reports. Telsey Advisory Group upped their price objective on shares of TJX Companies from $46.00 to $55.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 22nd. DA Davidson initiated coverage on shares of TJX Companies in a research report on Tuesday, September 25th. They set a “buy” rating and a $65.00 price objective for the company. Buckingham Research upped their price objective on shares of TJX Companies from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Loop Capital reaffirmed a “hold” rating and set a $52.50 price objective on shares of TJX Companies in a research report on Tuesday, August 21st. Finally, Credit Suisse Group upped their price objective on shares of TJX Companies from $50.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $54.08.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Further Reading: Consumer behavior in bull markets

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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