The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Morse Asset Management Inc

Morse Asset Management Inc lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 81.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,560 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,390 shares during the period. Morse Asset Management Inc’s holdings in TJX Companies were worth $767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TJX. Norges Bank purchased a new position in TJX Companies during the fourth quarter worth approximately $1,193,438,000. Price T Rowe Associates Inc. MD lifted its position in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares in the last quarter. Vanguard Group Inc. lifted its position in TJX Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after buying an additional 1,269,792 shares in the last quarter. Canoe Financial LP lifted its position in TJX Companies by 22,145.7% during the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after buying an additional 1,107,287 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in TJX Companies by 52.3% during the fourth quarter. Schroder Investment Management Group now owns 3,164,369 shares of the apparel and home fashions retailer’s stock worth $296,849,000 after buying an additional 1,086,125 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research report on Tuesday, May 21st. TD Cowen lifted their target price on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets boosted their price objective on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Morgan Stanley boosted their price objective on TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Finally, Telsey Advisory Group boosted their price objective on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $112.67.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 in the last ninety days. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $0.56 on Friday, hitting $111.83. The stock had a trading volume of 4,958,740 shares, compared to its average volume of 4,676,538. The TJX Companies, Inc. has a 52-week low of $85.27 and a 52-week high of $115.35. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The stock has a market cap of $126.38 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.99 and a beta of 0.88. The company’s 50 day moving average price is $108.70 and its 200 day moving average price is $101.16.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the business earned $0.76 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

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.