Meeder Asset Management Inc. Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Meeder Asset Management Inc. grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 34.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,179 shares of the apparel and home fashions retailer’s stock after acquiring an additional 47,223 shares during the period. TJX Companies accounts for 1.6% of Meeder Asset Management Inc.’s portfolio, making the stock its 16th largest holding. Meeder Asset Management Inc.’s holdings in TJX Companies were worth $22,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Axiom Investors LLC DE raised its holdings in TJX Companies by 3.2% in the 4th quarter. Axiom Investors LLC DE now owns 42,788 shares of the apparel and home fashions retailer’s stock worth $5,169,000 after purchasing an additional 1,343 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in TJX Companies by 9.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 198,685 shares of the apparel and home fashions retailer’s stock worth $24,003,000 after acquiring an additional 17,952 shares in the last quarter. Clearbridge Investments LLC raised its stake in TJX Companies by 0.7% during the 4th quarter. Clearbridge Investments LLC now owns 5,921,211 shares of the apparel and home fashions retailer’s stock worth $715,342,000 after acquiring an additional 41,082 shares during the period. United Bank lifted its holdings in TJX Companies by 10.1% during the fourth quarter. United Bank now owns 14,260 shares of the apparel and home fashions retailer’s stock valued at $1,723,000 after purchasing an additional 1,311 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its position in shares of TJX Companies by 5.3% in the fourth quarter. Physician Wealth Advisors Inc. now owns 2,139 shares of the apparel and home fashions retailer’s stock worth $258,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 2.1 %

TJX opened at $118.06 on Monday. The stock has a 50-day moving average of $121.61 and a 200 day moving average of $120.24. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12 month low of $92.35 and a 12 month high of $128.00. The firm has a market cap of $132.72 billion, a P/E ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

Insider Activity

In related 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 transaction of $988,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was 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.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TJX. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Barclays raised their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Morgan Stanley upped their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Robert W. Baird upped their price target on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

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.