Pinnacle Financial Partners Inc Acquires 8,319 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pinnacle Financial Partners Inc lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,342 shares of the apparel and home fashions retailer's stock after acquiring an additional 8,319 shares during the period. TJX Companies makes up about 1.0% of Pinnacle Financial Partners Inc's holdings, making the stock its 20th largest holding. Pinnacle Financial Partners Inc's holdings in TJX Companies were worth $46,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after purchasing an additional 578,948 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors raised its position in shares of TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after buying an additional 626,739 shares in the last quarter. Northern Trust Corp boosted its stake in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the period. Finally, Norges Bank purchased a new position in TJX Companies during the fourth quarter worth about $1,670,565,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.5%

Shares of TJX traded up $0.67 during trading hours on Thursday, hitting $125.98. The company had a trading volume of 2,986,646 shares, compared to its average volume of 5,198,385. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average price is $127.17 and its 200 day moving average price is $124.01. The firm has a market cap of $140.73 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. TJX Companies's dividend payout ratio is currently 40.00%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Robert W. Baird raised their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. UBS Group reissued a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Finally, TD Securities lifted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.53.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

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.