Meiji Yasuda Asset Management Co Ltd. Decreases Position in The TJX Companies, Inc. (NYSE:TJX)

Meiji Yasuda Asset Management Co Ltd. cut its position in The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 17.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,512 shares of the apparel and home fashions retailer’s stock after selling 4,518 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in TJX Companies were worth $1,336,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TJX. Grayhawk Investment Strategies Inc. bought a new stake in TJX Companies during the second quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of TJX Companies in the third quarter worth approximately $27,000. Northern Oak Wealth Management Inc. bought a new position in shares of TJX Companies in the second quarter worth approximately $28,000. Coston McIsaac & Partners purchased a new position in shares of TJX Companies in the second quarter worth $31,000. Finally, CoreCap Advisors LLC purchased a new position in shares of TJX Companies in the second quarter worth $48,000. 91.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $95.00 price target on shares of TJX Companies in a research note on Thursday, February 23rd. Bank of America upped their price target on shares of TJX Companies from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, November 17th. The Goldman Sachs Group upped their price target on shares of TJX Companies from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, November 17th. Morgan Stanley upped their price target on shares of TJX Companies from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. Finally, Citigroup upped their price target on shares of TJX Companies from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, November 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $86.07.

TJX Companies Stock Performance

TJX stock opened at $74.76 on Wednesday. The firm has a market cap of $86.39 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.02 and a beta of 0.91. The firm has a 50-day simple moving average of $79.55 and a two-hundred day simple moving average of $74.20. The TJX Companies, Inc. has a one year low of $53.69 and a one year high of $83.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 1.21.

TJX Companies (NYSE:TJX – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $14.52 billion during the quarter, compared to analyst estimates of $14.07 billion. TJX Companies had a net margin of 7.00% and a return on equity of 63.68%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 3.51 EPS for the current fiscal year.

TJX Companies Company Profile

(Get Rating)

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.