Morse Asset Management Inc Purchases 3,700 Shares of The TJX Companies, Inc. (NYSE:TJX)

Morse Asset Management Inc boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 59.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,908 shares of the apparel and home fashions retailer's stock after buying an additional 3,700 shares during the period. Morse Asset Management Inc's holdings in TJX Companies were worth $1,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of TJX Companies by 62.3% during the fourth quarter. Proficio Capital Partners LLC now owns 4,473 shares of the apparel and home fashions retailer's stock valued at $540,000 after purchasing an additional 1,717 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of TJX Companies by 3.8% during the fourth quarter. TD Private Client Wealth LLC now owns 12,178 shares of the apparel and home fashions retailer's stock valued at $1,471,000 after purchasing an additional 442 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $0.01 during trading hours on Friday, reaching $122.18. 3,464,315 shares of the stock traded hands, compared to its average volume of 5,190,310. The company has a 50 day moving average price of $126.19 and a 200 day moving average price of $124.12. The firm has a market capitalization of $136.49 billion, a price-to-earnings ratio of 28.75, a P/E/G ratio of 2.85 and a beta of 0.88. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TJX shares. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Barclays restated an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Robert W. Baird boosted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies 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.