Pinnacle Wealth Planning Services Inc. Sells 1,980 Shares of The TJX Companies, Inc. (NYSE:TJX)

Pinnacle Wealth Planning Services Inc. lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 26.8% during the 4th quarter, HoldingsChannel reports. The fund owned 5,398 shares of the apparel and home fashions retailer’s stock after selling 1,980 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in TJX Companies were worth $652,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC lifted its position in TJX Companies by 42.9% during the third quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after purchasing an additional 69,489 shares during the period. Moloney Securities Asset Management LLC increased its stake in shares of TJX Companies by 20.4% in the third quarter. Moloney Securities Asset Management LLC now owns 6,529 shares of the apparel and home fashions retailer’s stock worth $767,000 after purchasing an additional 1,108 shares in the last quarter. Avidian Wealth Enterprises LLC increased its stake in shares of TJX Companies by 2.9% in the third quarter. Avidian Wealth Enterprises LLC now owns 5,503 shares of the apparel and home fashions retailer’s stock worth $647,000 after purchasing an additional 154 shares in the last quarter. Catalina Capital Group LLC increased its stake in shares of TJX Companies by 3.5% in the third quarter. Catalina Capital Group LLC now owns 9,616 shares of the apparel and home fashions retailer’s stock worth $1,130,000 after purchasing an additional 326 shares in the last quarter. Finally, Radnor Capital Management LLC purchased a new position in TJX Companies during the third quarter valued at $732,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird lifted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. BMO Capital Markets raised their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Wells Fargo & Company raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. Finally, Evercore ISI boosted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

Insider Activity at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Performance

TJX opened at $123.08 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a fifty day moving average price of $122.96 and a 200 day moving average price of $120.27. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a market cap of $138.36 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, February 13th. TJX Companies’s dividend payout ratio is currently 35.21%.

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.