Pinnacle Wealth Planning Services Inc. Has $652,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Pinnacle Wealth Planning Services Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 26.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

Several other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC bought a new position in TJX Companies in the 4th quarter valued at $26,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies in the 3rd quarter worth $30,000. Finally, Truvestments Capital LLC bought a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Finally, Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.06.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.1 %

NYSE TJX opened at $123.08 on Thursday. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a market cap of $138.36 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.75 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 company has a 50 day moving average of $122.96 and a 200-day moving average of $120.27.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities research analysts expect 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. Shareholders 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 annualized dividend and a yield of 1.22%. TJX Companies’s dividend payout ratio (DPR) is 35.21%.

TJX Companies Profile

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.