Meeder Asset Management Inc. Has $16.22 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Meeder Asset Management Inc. reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 41.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 137,956 shares of the apparel and home fashions retailer’s stock after selling 96,889 shares during the quarter. TJX Companies comprises 1.1% of Meeder Asset Management Inc.’s portfolio, making the stock its 22nd biggest holding. Meeder Asset Management Inc.’s holdings in TJX Companies were worth $16,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. OneAscent Financial Services LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $312,000. Caprock Group LLC grew its position in shares of TJX Companies by 7.6% in the third quarter. Caprock Group LLC now owns 35,510 shares of the apparel and home fashions retailer’s stock valued at $4,174,000 after purchasing an additional 2,521 shares during the last quarter. Cassaday & Co Wealth Management LLC grew its position in shares of TJX Companies by 10.2% in the third quarter. Cassaday & Co Wealth Management LLC now owns 4,628 shares of the apparel and home fashions retailer’s stock valued at $544,000 after purchasing an additional 429 shares during the last quarter. Capital City Trust Co. FL grew its position in TJX Companies by 485.2% during the third quarter. Capital City Trust Co. FL now owns 15,766 shares of the apparel and home fashions retailer’s stock worth $1,853,000 after buying an additional 13,072 shares in the last quarter. Finally, Braun Stacey Associates Inc. grew its position in TJX Companies by 4.1% during the third quarter. Braun Stacey Associates Inc. now owns 225,269 shares of the apparel and home fashions retailer’s stock worth $26,478,000 after buying an additional 8,803 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Loop Capital lifted their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. BMO Capital Markets lifted their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Evercore ISI lifted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $127.41.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

NYSE:TJX opened at $119.67 on Tuesday. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $122.10. The firm has a 50 day moving average of $116.38 and a 200-day moving average of $111.86. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $134.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

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.