Pine Haven Investment Counsel Inc Purchases 488 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pine Haven Investment Counsel Inc grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,908 shares of the apparel and home fashions retailer’s stock after purchasing an additional 488 shares during the period. TJX Companies comprises about 1.0% of Pine Haven Investment Counsel Inc’s holdings, making the stock its 27th largest holding. Pine Haven Investment Counsel Inc’s holdings in TJX Companies were worth $1,282,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Running Oak Capital LLC lifted its stake in TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after purchasing an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after acquiring an additional 9,500 shares during the last quarter. Options Solutions LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $726,000. Advisors Capital Management LLC lifted its stake in shares of TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after acquiring an additional 20,629 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of TJX Companies by 9.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after acquiring an additional 11,447 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. UBS Group upped their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets upped their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $0.76 during midday trading on Friday, hitting $113.35. 1,546,165 shares of the stock traded hands, compared to its average volume of 5,299,629. The firm has a 50-day moving average of $115.63 and a two-hundred day moving average of $107.93. The firm has a market capitalization of $128.10 billion, a P/E ratio of 27.93, a PEG ratio of 2.88 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $86.92 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.32%. TJX Companies’s payout ratio is 37.22%.

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.