20,000 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Pinnacle Investment Management Ltd

Pinnacle Investment Management Ltd acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,000 shares of the apparel and home fashions retailer's stock, valued at approximately $2,416,000. TJX Companies accounts for 1.8% of Pinnacle Investment Management Ltd's holdings, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after buying an additional 84 shares during the period. Nwam LLC boosted its stake in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after acquiring an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC boosted its stake in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after acquiring an additional 86 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in TJX Companies by 1.0% during the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer's stock valued at $1,060,000 after purchasing an additional 91 shares during the period. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in TJX Companies by 3.3% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 2,915 shares of the apparel and home fashions retailer's stock valued at $352,000 after purchasing an additional 94 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Activity

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group reiterated a "buy" rating and issued a $164.00 target price (up from $154.00) on shares of TJX Companies in a report on Thursday. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday. Finally, TD Securities increased their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.50.

TJX Companies Stock Down 2.9%

Shares of TJX stock traded down $3.82 on Friday, hitting $125.77. 8,782,984 shares of the stock were exchanged, compared to its average volume of 5,332,754. The firm has a market capitalization of $140.49 billion, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The business has a 50-day moving average of $126.00 and a 200 day moving average of $123.52. 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 TJX Companies, Inc. has a fifty-two week low of $100.70 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio is currently 39.91%.

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.