The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 392.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,845 shares of the apparel and home fashions retailer’s stock after purchasing an additional 187,183 shares during the quarter. TJX Companies makes up approximately 1.8% of Meeder Asset Management Inc.’s portfolio, making the stock its 14th largest holding. Meeder Asset Management Inc.’s holdings in TJX Companies were worth $25,856,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TJX. Vanguard Group Inc. increased its position in TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of TJX Companies by 7.9% during the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after buying an additional 1,046,148 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of TJX Companies by 2.7% in the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after buying an additional 346,938 shares during the last quarter. Norges Bank purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $1,193,438,000. Finally, Price T Rowe Associates Inc. MD boosted its position in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after acquiring an additional 3,255,849 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $118.22 on Friday. The firm has a fifty day moving average of $114.17 and a 200-day moving average of $105.36. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. 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 firm has a market capitalization of $133.34 billion, a P/E ratio of 29.33, a PEG ratio of 2.98 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm 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 company earned $0.85 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

TJX has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Jefferies Financial Group lifted their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 7th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock 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.