Meeder Asset Management Inc. Sells 60,110 Shares of The TJX Companies, Inc. (NYSE:TJX)

Meeder Asset Management Inc. lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 56.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,186 shares of the apparel and home fashions retailer's stock after selling 60,110 shares during the quarter. Meeder Asset Management Inc.'s holdings in TJX Companies were worth $4,333,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new position in shares of TJX Companies in the fourth quarter worth $27,000. Anchor Investment Management LLC bought a new position in TJX Companies in the fourth quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies in the third quarter valued at $29,000. BKM Wealth Management LLC bought a new position in TJX Companies in the fourth quarter valued at $30,000. Finally, Cornerstone Planning Group LLC bought a new position in TJX Companies in the second quarter valued at $33,000. Institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the firm's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Louise Greenlees sold 2,694 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company's stock, valued at $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on TJX. Telsey Advisory Group reissued an "outperform" rating and issued a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. Redburn Atlantic cut TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 target price on the stock. in a research note on Monday, February 5th. BMO Capital Markets upped their price target on shares of TJX Companies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. Finally, UBS Group upped their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a "neutral" rating in a research report on Friday, March 1st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.19.

TJX Companies Trading Up 1.1 %

Shares of TJX Companies stock traded up $1.06 during trading on Friday, reaching $96.81. 5,841,725 shares of the stock were exchanged, compared to its average volume of 4,927,357. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average is $98.10 and its 200 day moving average is $93.28. The firm has a market cap of $109.68 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.49 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.10. The company had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. TJX Companies's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.06 earnings per share for the current fiscal year.

TJX Companies declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 28th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a yield of 1.55%. TJX Companies's dividend payout ratio (DPR) is 34.46%.

About TJX Companies

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.