Pines Wealth Management LLC Purchases Shares of 8,483 The TJX Companies, Inc. (NYSE:TJX)

Pines Wealth Management LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 and other institutional investors also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. increased its stake in shares of TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock valued at $5,537,000 after buying an additional 5,207 shares during the period. Courier Capital LLC boosted its holdings in TJX Companies by 55.1% in the fourth quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer's stock valued at $4,166,000 after acquiring an additional 12,247 shares in the last quarter. Unigestion Holding SA purchased a new position in TJX Companies during the 3rd quarter valued at $22,684,000. Nordea Investment Management AB raised its holdings in TJX Companies by 13.3% in the 4th quarter. Nordea Investment Management AB now owns 7,031,237 shares of the apparel and home fashions retailer's stock worth $850,428,000 after purchasing an additional 827,103 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its position in shares of TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer's stock worth $2,549,000 after purchasing an additional 6,344 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

TJX Companies stock traded down $0.14 during trading on Wednesday, reaching $119.10. The company had a trading volume of 4,906,263 shares, compared to its average volume of 4,613,272. The firm has a market capitalization of $133.89 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth 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 firm's 50-day simple moving average is $122.32 and its 200 day simple moving average is $117.34. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.26%. TJX Companies's dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. TD Cowen raised their target price on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $131.33.

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.