Chase Investment Counsel Corp Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Chase Investment Counsel Corp lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 34,565 shares of the apparel and home fashions retailer’s stock after selling 1,236 shares during the quarter. TJX Companies makes up approximately 1.3% of Chase Investment Counsel Corp’s holdings, making the stock its 29th biggest holding. Chase Investment Counsel Corp’s holdings in TJX Companies were worth $4,175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Richard W. Paul & Associates LLC grew its holdings in TJX Companies by 476.6% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,243 shares of the apparel and home fashions retailer’s stock valued at $271,000 after buying an additional 1,854 shares during the period. West Michigan Advisors LLC grew its holdings in TJX Companies by 13.7% in the 4th quarter. West Michigan Advisors LLC now owns 4,482 shares of the apparel and home fashions retailer’s stock valued at $541,000 after buying an additional 539 shares during the period. Williamson Legacy Group LLC purchased a new stake in TJX Companies in the 4th quarter valued at about $438,000. Fisher Asset Management LLC grew its holdings in TJX Companies by 25.8% in the 4th quarter. Fisher Asset Management LLC now owns 8,481 shares of the apparel and home fashions retailer’s stock valued at $1,025,000 after buying an additional 1,738 shares during the period. Finally, Maple Capital Management Inc. grew its holdings in TJX Companies by 0.4% in the 4th quarter. Maple Capital Management Inc. now owns 221,502 shares of the apparel and home fashions retailer’s stock valued at $26,760,000 after buying an additional 873 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on TJX shares. Evercore ISI lifted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group boosted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Performance

TJX Companies stock opened at $124.79 on Friday. The stock’s 50 day moving average price is $122.98 and its 200 day moving average price is $119.95. The firm has a market capitalization of $140.28 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

About TJX Companies

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.