Costello Asset Management INC Raises Stock Holdings in The TJX Companies, Inc. $TJX

Costello Asset Management INC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 19.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 20,465 shares of the apparel and home fashions retailer’s stock after buying an additional 3,275 shares during the quarter. TJX Companies accounts for 1.0% of Costello Asset Management INC’s investment portfolio, making the stock its 25th biggest holding. Costello Asset Management INC’s holdings in TJX Companies were worth $2,958,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TJX. Norges Bank purchased a new stake in TJX Companies during the second quarter valued at approximately $1,808,774,000. Laurel Wealth Advisors LLC increased its position in shares of TJX Companies by 12,417.0% during the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after purchasing an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. ABN AMRO Bank N.V. acquired a new stake in shares of TJX Companies in the 2nd quarter worth $244,687,000. Finally, Raymond James Financial Inc. boosted its position in shares of TJX Companies by 26.3% in the 2nd quarter. Raymond James Financial Inc. now owns 5,952,367 shares of the apparel and home fashions retailer’s stock worth $735,058,000 after purchasing an additional 1,238,124 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $156.11 on Tuesday. The firm has a market capitalization of $173.36 billion, a P/E ratio of 34.46, a PEG ratio of 2.98 and a beta of 0.74. The stock has a 50-day simple moving average of $154.27 and a two-hundred day simple moving average of $145.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $159.48.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. TJX Companies’s dividend payout ratio is 37.53%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Telsey Advisory Group reissued an “outperform” rating and set a $170.00 target price on shares of TJX Companies in a research report on Thursday, December 4th. Bank of America upped their price target on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $162.00 price target (up previously from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average price target of $163.86.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 500 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the sale, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following the sale, the chief executive officer owned 510,780 shares in the company, valued at $77,286,121.80. This trade represents a 4.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by company insiders.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.