Pines Wealth Management LLC Invests $1.02 Million in The TJX Companies, Inc. (NYSE:TJX)

Pines Wealth Management LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 8,483 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,018,000.

Several other institutional investors also recently bought and sold shares of the company. One Capital Management LLC raised its position in shares of TJX Companies by 27.8% in the second quarter. One Capital Management LLC now owns 3,331 shares of the apparel and home fashions retailer’s stock valued at $367,000 after buying an additional 725 shares during the last quarter. Savoir Faire Capital Management L.P. raised its holdings in TJX Companies by 50.8% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 48,000 shares of the apparel and home fashions retailer’s stock valued at $5,285,000 after acquiring an additional 16,162 shares during the last quarter. Excalibur Management Corp lifted its stake in TJX Companies by 6.2% in the 2nd quarter. Excalibur Management Corp now owns 10,310 shares of the apparel and home fashions retailer’s stock worth $1,135,000 after purchasing an additional 598 shares in the last quarter. GDS Wealth Management lifted its stake in TJX Companies by 11.4% in the 2nd quarter. GDS Wealth Management now owns 112,431 shares of the apparel and home fashions retailer’s stock worth $12,379,000 after purchasing an additional 11,549 shares in the last quarter. Finally, Alpha Financial Partners LLC grew its position in shares of TJX Companies by 8.1% in the second quarter. Alpha Financial Partners LLC now owns 4,222 shares of the apparel and home fashions retailer’s stock valued at $465,000 after purchasing an additional 316 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TJX shares. Jefferies Financial Group lifted their price objective on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group lifted their price target on TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Evercore ISI upped their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Price Performance

TJX opened at $119.29 on Wednesday. The firm has a market cap of $134.10 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 3.07 and a beta of 0.91. 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’s 50-day moving average price is $122.32 and its 200 day moving average price is $117.34. 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 issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

TJX Companies Company 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.