Meiji Yasuda Asset Management Co Ltd. Purchases 1,476 Shares of The TJX Companies, Inc. (NYSE:TJX)

Meiji Yasuda Asset Management Co Ltd. increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,879 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,476 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in TJX Companies were worth $10,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth $25,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of TJX Companies during the fourth quarter worth about $26,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter valued at approximately $30,000. Truvestments Capital LLC bought a new stake in TJX Companies during the third quarter valued at approximately $29,000. Finally, SOA Wealth Advisors LLC. purchased a new position in TJX Companies in the 4th quarter worth approximately $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX opened at $119.64 on Tuesday. The stock’s 50 day moving average price is $121.68 and its 200-day moving average price is $120.16. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock has a market capitalization of $134.49 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on TJX shares. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Guggenheim lifted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Morgan Stanley boosted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group upped their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.