Minot DeBlois Advisors LLC Makes New $1.08 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

Minot DeBlois Advisors LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,961 shares of the apparel and home fashions retailer's stock, valued at approximately $1,083,000. TJX Companies comprises about 1.0% of Minot DeBlois Advisors LLC's holdings, making the stock its 29th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc increased its holdings in shares of TJX Companies by 105.9% during the 4th quarter. Morse Asset Management Inc now owns 6,208 shares of the apparel and home fashions retailer's stock valued at $750,000 after purchasing an additional 3,193 shares in the last quarter. Napa Wealth Management purchased a new stake in TJX Companies in the 4th quarter worth $3,018,000. NDVR Inc. boosted its stake in TJX Companies by 7.8% during the 4th quarter. NDVR Inc. now owns 2,434 shares of the apparel and home fashions retailer's stock worth $294,000 after purchasing an additional 176 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TJX Companies by 28.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 163,680 shares of the apparel and home fashions retailer's stock worth $19,774,000 after purchasing an additional 35,991 shares during the last quarter. Finally, MJP Associates Inc. ADV boosted its stake in TJX Companies by 11.1% during the 4th quarter. MJP Associates Inc. ADV now owns 2,300 shares of the apparel and home fashions retailer's stock worth $278,000 after purchasing an additional 229 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Robert W. Baird boosted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating and upped their price target for the company from $128.00 to $140.00 in a report on Thursday, April 3rd. BMO Capital Markets upped their price target on TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Finally, Morgan Stanley decreased their price objective on TJX Companies from $136.00 to $133.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.25.

TJX Companies Price Performance

Shares of TJX stock traded up $0.33 during mid-day trading on Friday, reaching $133.37. The stock had a trading volume of 4,871,785 shares, compared to its average volume of 5,353,315. The TJX Companies, Inc. has a 12-month low of $97.53 and a 12-month high of $133.87. The company has a market cap of $148.98 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The business has a 50-day simple moving average of $123.95 and a 200 day simple moving average of $122.76. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. 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 declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.27%. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies's dividend payout ratio (DPR) is presently 39.91%.

Insiders Place Their Bets

In related news, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

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.