Morse Asset Management Inc Has $300,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Morse Asset Management Inc lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 64.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,725 shares of the apparel and home fashions retailer's stock after selling 4,835 shares during the period. Morse Asset Management Inc's holdings in TJX Companies were worth $300,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Dearborn Partners LLC raised its stake in shares of TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer's stock valued at $260,000 after purchasing an additional 90 shares in the last quarter. Concorde Asset Management LLC raised its position in shares of TJX Companies by 2.8% during the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer's stock worth $367,000 after buying an additional 90 shares in the last quarter. Wambolt & Associates LLC lifted its stake in shares of TJX Companies by 1.4% in the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer's stock worth $751,000 after acquiring an additional 94 shares during the period. Armbruster Capital Management Inc. boosted its holdings in shares of TJX Companies by 4.9% in the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer's stock valued at $231,000 after acquiring an additional 97 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in shares of TJX Companies by 4.8% in the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer's stock valued at $240,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.7 %

TJX Companies stock traded down $0.81 during midday trading on Monday, reaching $117.12. The stock had a trading volume of 3,511,593 shares, compared to its average volume of 5,353,229. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market cap of $132.36 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.02 and a beta of 0.89. The firm's fifty day simple moving average is $114.90 and its two-hundred day simple moving average is $106.43.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analysts' expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies's revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.28%. TJX Companies's dividend payout ratio is 37.22%.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company's stock, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

TJX has been the subject of a number of research analyst reports. BMO Capital Markets upped their target price on TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Sunday, September 15th. Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley raised their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $126.76.

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.