Meiji Yasuda Asset Management Co Ltd. Sells 2,731 Shares of The TJX Companies, Inc. $TJX

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its holdings in The TJX Companies, Inc. by 3.1%, selling 2,731 shares and owning a total of 85,148 shares valued at $10.37 million as of the latest SEC filing.
• Research analysts are optimistic about TJX Companies, with several upgrades, including price target increases from $140.00 to $172.00, and a consensus rating of Buy.
• The company reported $1.10 EPS for the recent quarter, surpassing estimates, and announced a quarterly dividend of $0.425 with a annualized yield of 1.2%.

Meiji Yasuda Asset Management Co Ltd. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,148 shares of the apparel and home fashions retailer's stock after selling 2,731 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in TJX Companies were worth $10,371,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TJX. TCTC Holdings LLC boosted its holdings in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted its stake in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the first quarter valued at approximately $37,000. Finally, Activest Wealth Management raised its stake in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after purchasing an additional 314 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. TD Securities lifted their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Barclays raised their target price on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Erste Group Bank assumed coverage on TJX Companies in a research note on Friday. They set a "buy" rating for the company. UBS Group upped their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, Morgan Stanley upped their price target on shares of TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TJX Companies has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $139.30 on Monday. The stock has a market capitalization of $155.03 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 3.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The business has a 50-day moving average of $129.89 and a 200 day moving average of $126.42.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 38.72%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.