The TJX Companies, Inc. (NYSE:TJX) Position Boosted by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,810 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,779 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in TJX Companies were worth $8,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Running Oak Capital LLC boosted its stake in shares of TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after buying an additional 11,036 shares during the period. New Mexico Educational Retirement Board grew its stake in TJX Companies by 15.9% in the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Options Solutions LLC purchased a new position in TJX Companies in the fourth quarter valued at about $726,000. Advisors Capital Management LLC increased its position in TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares during the last quarter. Finally, Evoke Wealth LLC raised its stake in shares of TJX Companies by 55.2% during the 4th quarter. Evoke Wealth LLC now owns 122,100 shares of the apparel and home fashions retailer’s stock worth $11,454,000 after purchasing an additional 43,405 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.84 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $114.59 and a 200 day moving average price of $105.85. The company has a market cap of $132.91 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the prior year, the business earned $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Wells Fargo & Company increased their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Evercore ISI raised their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.76.

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.