Costello Asset Management INC Acquires 7,545 Shares of The TJX Companies, Inc. (NYSE:TJX)

Costello Asset Management INC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 58.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,370 shares of the apparel and home fashions retailer’s stock after buying an additional 7,545 shares during the quarter. TJX Companies makes up approximately 1.6% of Costello Asset Management INC’s portfolio, making the stock its 20th largest holding. Costello Asset Management INC’s holdings in TJX Companies were worth $2,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TJX. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of TJX Companies during the third quarter worth $30,000. Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter worth about $29,000. Finally, Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the third quarter valued at about $30,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Guggenheim raised their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Price Performance

TJX opened at $124.83 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $123.32 and a two-hundred day simple moving average of $118.26. The company has a market cap of $140.33 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 3.04 and a beta of 0.91. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

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.