Costello Asset Management INC Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Costello Asset Management INC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,825 shares of the apparel and home fashions retailer’s stock after selling 700 shares during the period. Costello Asset Management INC’s holdings in TJX Companies were worth $1,507,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TJX. Mach 1 Financial Group LLC grew its holdings in shares of TJX Companies by 6.3% in the third quarter. Mach 1 Financial Group LLC now owns 2,015 shares of the apparel and home fashions retailer’s stock worth $237,000 after acquiring an additional 120 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in TJX Companies by 1.5% in the third quarter. Mesirow Financial Investment Management Inc. now owns 29,090 shares of the apparel and home fashions retailer’s stock worth $3,419,000 after purchasing an additional 433 shares during the last quarter. Atria Investments Inc grew its stake in shares of TJX Companies by 2.5% during the 3rd quarter. Atria Investments Inc now owns 155,300 shares of the apparel and home fashions retailer’s stock valued at $18,254,000 after purchasing an additional 3,807 shares during the period. Kerusso Capital Management LLC increased its position in shares of TJX Companies by 6.5% during the 3rd quarter. Kerusso Capital Management LLC now owns 28,411 shares of the apparel and home fashions retailer’s stock valued at $3,339,000 after purchasing an additional 1,729 shares during the last quarter. Finally, Oxbow Advisors LLC lifted its stake in shares of TJX Companies by 5.3% in the 3rd quarter. Oxbow Advisors LLC now owns 2,598 shares of the apparel and home fashions retailer’s stock worth $305,000 after purchasing an additional 130 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Evercore ISI upped their price objective on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Morgan Stanley upped their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Up 0.8 %

TJX opened at $117.83 on Friday. The company has a market capitalization of $132.90 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89. The firm has a 50-day simple moving average of $116.07 and a two-hundred day simple moving average of $110.60. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating 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%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. Analysts forecast that The TJX Companies, Inc. will post 4.15 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, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

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.