Meeder Asset Management Inc. Has $8.18 Million Position in The TJX Companies, Inc. $TJX

Meeder Asset Management Inc. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 209.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,601 shares of the apparel and home fashions retailer’s stock after purchasing an additional 38,282 shares during the quarter. Meeder Asset Management Inc.’s holdings in TJX Companies were worth $8,181,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TJX. Lavaca Capital LLC bought a new stake in shares of TJX Companies during the second quarter worth about $25,000. Princeton Global Asset Management LLC acquired a new position in TJX Companies during the 2nd quarter valued at about $28,000. Howard Hughes Medical Institute bought a new stake in TJX Companies during the 2nd quarter worth approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies in the second quarter worth approximately $32,000. Finally, Capital A Wealth Management LLC lifted its holdings in shares of TJX Companies by 776.7% in the second quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock valued at $32,000 after purchasing an additional 233 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. TD Cowen upped their price target on TJX Companies from $162.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Bank of America boosted their price target on shares of TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $163.86.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the sale, the chief executive officer owned 535,143 shares of the company’s stock, valued at $79,634,629.83. The trade was a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the sale, the director owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,863 shares of company stock valued at $8,226,366 over the last quarter. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

Shares of TJX stock opened at $157.88 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The firm has a market cap of $175.32 billion, a price-to-earnings ratio of 34.85, a P/E/G ratio of 3.54 and a beta of 0.75. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $159.48. The firm’s 50-day simple moving average is $151.67 and its two-hundred day simple moving average is $140.79.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The firm had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. During the same quarter last year, the business earned $1.14 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s payout ratio is presently 37.53%.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.