Pinnacle Financial Partners Inc Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Pinnacle Financial Partners Inc raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 379,023 shares of the apparel and home fashions retailer’s stock after buying an additional 54,999 shares during the period. TJX Companies makes up about 0.9% of Pinnacle Financial Partners Inc’s portfolio, making the stock its 22nd biggest holding. Pinnacle Financial Partners Inc’s holdings in TJX Companies were worth $45,172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC raised its stake in shares of TJX Companies by 42.9% in the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after acquiring an additional 69,489 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of TJX Companies by 3.2% in the third quarter. Private Advisor Group LLC now owns 92,404 shares of the apparel and home fashions retailer’s stock valued at $10,861,000 after acquiring an additional 2,836 shares in the last quarter. McAdam LLC raised its stake in shares of TJX Companies by 7.7% in the third quarter. McAdam LLC now owns 7,446 shares of the apparel and home fashions retailer’s stock valued at $875,000 after acquiring an additional 530 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after acquiring an additional 1,182,272 shares in the last quarter. Finally, Grimes & Company Inc. raised its stake in shares of TJX Companies by 7.5% in the third quarter. Grimes & Company Inc. now owns 9,794 shares of the apparel and home fashions retailer’s stock valued at $1,151,000 after acquiring an additional 685 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TJX. UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company raised their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Robert W. Baird raised their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.18.

TJX Companies Stock Performance

NYSE TJX opened at $121.08 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The business’s 50-day moving average price is $122.86 and its 200 day moving average price is $119.48. The firm has a market cap of $136.11 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released 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 analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the company posted $1.03 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is presently 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.