Chase Investment Counsel Corp Buys 840 Shares of The TJX Companies, Inc. (NYSE:TJX)

Chase Investment Counsel Corp grew its position in The TJX Companies, Inc. (NYSE:TJX) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,968 shares of the apparel and home fashions retailer’s stock after purchasing an additional 840 shares during the quarter. TJX Companies makes up approximately 1.3% of Chase Investment Counsel Corp’s portfolio, making the stock its 27th largest holding. Chase Investment Counsel Corp’s holdings in TJX Companies were worth $3,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Aveo Capital Partners LLC boosted its holdings in TJX Companies by 6.0% during the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock valued at $335,000 after acquiring an additional 203 shares during the period. 9258 Wealth Management LLC boosted its stake in TJX Companies by 36.6% during the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock valued at $1,268,000 after purchasing an additional 3,624 shares during the period. Gryphon Financial Partners LLC boosted its stake in TJX Companies by 35.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock valued at $249,000 after purchasing an additional 768 shares during the period. Focus Financial Network Inc. ADV bought a new position in TJX Companies in the 4th quarter worth approximately $457,000. Finally, Carolinas Wealth Consulting LLC increased its position in TJX Companies by 22.9% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 2,484 shares of the apparel and home fashions retailer’s stock worth $233,000 after buying an additional 463 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.5 %

Shares of NYSE TJX opened at $117.50 on Monday. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The business has a fifty day moving average of $115.25 and a two-hundred day moving average of $107.02. The stock has a market cap of $132.52 billion, a PE ratio of 29.16, a PEG ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. As a group, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. TJX Companies’s dividend payout ratio is 37.22%.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Robert W. Baird increased their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Loop Capital boosted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group increased their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, TD Cowen raised their price objective on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research 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 stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Buying and Selling 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 stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.