Chase Investment Counsel Corp Acquires 833 Shares of The TJX Companies, Inc. (NYSE:TJX)

Chase Investment Counsel Corp lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,801 shares of the apparel and home fashions retailer’s stock after purchasing an additional 833 shares during the quarter. Chase Investment Counsel Corp’s holdings in TJX Companies were worth $4,208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the third quarter worth about $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the third quarter worth about $30,000. New Millennium Group LLC bought a new position in TJX Companies in the 2nd quarter valued at about $34,000. Finally, Anfield Capital Management LLC acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. BMO Capital Markets upped their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Price Performance

TJX stock opened at $119.85 on Wednesday. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.13. The stock has a market capitalization of $135.18 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company’s 50-day moving average is $116.13 and its 200-day moving average is $111.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. Equities research analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s payout ratio is 36.23%.

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.