The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Meiji Yasuda Life Insurance Co

Meiji Yasuda Life Insurance Co lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,550 shares of the apparel and home fashions retailer's stock after selling 45,237 shares during the period. Meiji Yasuda Life Insurance Co's holdings in TJX Companies were worth $8,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Bogart Wealth LLC purchased a new stake in TJX Companies during the 4th quarter valued at $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at $26,000. SOA Wealth Advisors LLC. bought a new position in TJX Companies in the fourth quarter valued at about $30,000. Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the 4th quarter valued at about $30,000. Finally, Promus Capital LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $32,000. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on TJX shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. BMO Capital Markets increased their target price on TJX Companies from $133.00 to $145.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Wells Fargo & Company cut their price objective on shares of TJX Companies from $125.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Robert W. Baird upped their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating and raised their target price for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $136.94.

TJX Companies Trading Down 0.2 %

TJX Companies stock traded down $0.31 during trading hours on Tuesday, hitting $128.63. The company had a trading volume of 3,470,962 shares, compared to its average volume of 5,357,896. The firm has a market cap of $143.69 billion, a P/E ratio of 30.27, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a 50-day moving average price of $122.62 and a two-hundred day moving average price of $122.01. The TJX Companies, Inc. has a 1 year low of $97.47 and a 1 year high of $131.30. 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 - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share 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 analysts' expectations of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. TJX Companies's payout ratio is 39.91%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction 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 sale, the chief executive officer now 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 Securities & Exchange Commission, which is available through this hyperlink. Also, 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 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.