Meeder Asset Management Inc. Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Meeder Asset Management Inc. grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 185,179 shares of the apparel and home fashions retailer's stock after acquiring an additional 47,223 shares during the quarter. TJX Companies comprises 1.6% of Meeder Asset Management Inc.'s investment portfolio, making the stock its 16th biggest holding. Meeder Asset Management Inc.'s holdings in TJX Companies were worth $22,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after purchasing an additional 84 shares during the last quarter. Nwam LLC grew its position in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after buying an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC raised its stake in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after acquiring an additional 86 shares in the last quarter. Hamilton Capital LLC boosted its stake in TJX Companies by 3.9% in the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock valued at $273,000 after acquiring an additional 90 shares in the last quarter. Finally, Breakwater Capital Group boosted its stake in TJX Companies by 1.2% in the fourth quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer's stock valued at $930,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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TJX Companies Price Performance

Shares of TJX traded up $0.88 during mid-day trading on Tuesday, hitting $122.68. The company's stock had a trading volume of 4,781,897 shares, compared to its average volume of 5,204,289. 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 1-year low of $92.35 and a 1-year high of $128.00. The firm has a market capitalization of $137.92 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.75 and a beta of 0.96. The firm has a 50-day simple moving average of $121.61 and a 200 day simple moving average of $120.26.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating 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 company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio is presently 35.21%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TJX. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $135.06.

Insider Activity

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

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.