Pinnacle Financial Partners Inc. cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,353 shares of the apparel and home fashions retailer’s stock after selling 919 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in The TJX Companies were worth $9,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Neuberger Berman Group LLC lifted its position in shares of The TJX Companies by 1,660.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,451,629 shares of the apparel and home fashions retailer’s stock worth $174,474,000 after purchasing an additional 3,255,528 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of The TJX Companies by 19.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,483,717 shares of the apparel and home fashions retailer’s stock valued at $892,758,000 after acquiring an additional 2,665,468 shares during the last quarter. Alkeon Capital Management LLC increased its stake in The TJX Companies by 71.4% during the 3rd quarter. Alkeon Capital Management LLC now owns 5,485,000 shares of the apparel and home fashions retailer’s stock worth $305,240,000 after purchasing an additional 2,285,000 shares in the last quarter. Nuveen Asset Management LLC increased its stake in The TJX Companies by 20.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 12,724,168 shares of the apparel and home fashions retailer’s stock worth $643,334,000 after purchasing an additional 2,127,645 shares in the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in The TJX Companies during the 3rd quarter worth approximately $97,388,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

The TJX Companies stock traded down $0.27 during mid-day trading on Wednesday, hitting $68.13. 5,721,183 shares of the company’s stock traded hands, compared to its average volume of 5,768,698. The firm has a 50 day simple moving average of $66.66 and a two-hundred day simple moving average of $57.75. The TJX Companies, Inc. has a fifty-two week low of $32.72 and a fifty-two week high of $70.96. The stock has a market cap of $81.80 billion, a price-to-earnings ratio of 120.00, a P/E/G ratio of 29.72 and a beta of 0.73. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.51 and a quick ratio of 1.02.

The TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.31. The business had revenue of $10.12 billion during the quarter, compared to the consensus estimate of $9.35 billion. The TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. During the same quarter last year, the firm posted $0.68 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 0.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 4th. Shareholders of record on Thursday, February 11th will be given a dividend of $0.26 per share. This is a boost from The TJX Companies’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 10th. This represents a $1.04 annualized dividend and a yield of 1.53%.

In related news, Director Michael F. Hines sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $61.79, for a total value of $1,235,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Carol Meyrowitz sold 77,892 shares of the firm’s stock in a transaction on Friday, November 20th. The stock was sold at an average price of $61.22, for a total value of $4,768,548.24. Following the completion of the transaction, the chairman now owns 269,755 shares in the company, valued at approximately $16,514,401.10. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

A number of analysts recently issued reports on the company. MKM Partners increased their target price on The TJX Companies from $64.00 to $71.00 in a research note on Thursday, November 19th. Jefferies Financial Group upped their price target on The TJX Companies from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Loop Capital upped their price target on The TJX Companies from $65.00 to $75.00 in a research report on Thursday, November 19th. Credit Suisse Group upped their price target on The TJX Companies from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 19th. Finally, Robert W. Baird upped their price target on The TJX Companies from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, November 19th. Five analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $68.04.

The TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.

Featured Article: retirement calculator

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX).

Institutional Ownership by Quarter for The TJX Companies (NYSE:TJX)

Receive News & Ratings for The TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.