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

Pines Wealth Management LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,483 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,018,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hartford Funds Management Co LLC grew its stake in shares of TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock worth $2,107,000 after acquiring an additional 86 shares during the last quarter. Stablepoint Partners LLC grew its position in TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after purchasing an additional 89 shares during the last quarter. Concorde Asset Management LLC increased its stake in TJX Companies by 2.8% during the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after purchasing an additional 90 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in shares of TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after buying an additional 90 shares during the last quarter. Finally, Hamilton Capital LLC lifted its stake in shares of TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after buying an additional 90 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TJX. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Friday, December 6th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Evercore ISI lifted their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Guggenheim raised their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Stock Down 0.5 %

TJX opened at $119.29 on Wednesday. The company has a fifty day moving average of $122.32 and a two-hundred day moving average of $117.34. The stock has a market capitalization 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

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.