Pinnacle Financial Partners Inc Has $38.09 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Pinnacle Financial Partners Inc decreased its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 324,024 shares of the apparel and home fashions retailer’s stock after selling 5,178 shares during the quarter. TJX Companies accounts for about 0.8% of Pinnacle Financial Partners Inc’s investment portfolio, making the stock its 23rd largest holding. Pinnacle Financial Partners Inc’s holdings in TJX Companies were worth $38,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TJX. Avantax Advisory Services Inc. raised its holdings in shares of TJX Companies by 2.6% during the first quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock valued at $2,468,000 after acquiring an additional 607 shares during the period. Bleakley Financial Group LLC raised its stake in TJX Companies by 2.7% during the 1st quarter. Bleakley Financial Group LLC now owns 21,193 shares of the apparel and home fashions retailer’s stock valued at $2,149,000 after purchasing an additional 561 shares during the period. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of TJX Companies by 5.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,317 shares of the apparel and home fashions retailer’s stock valued at $336,000 after purchasing an additional 182 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of TJX Companies by 219.8% in the first quarter. Koshinski Asset Management Inc. now owns 13,579 shares of the apparel and home fashions retailer’s stock valued at $1,377,000 after purchasing an additional 9,333 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of TJX Companies by 94.4% in the first quarter. Eagle Bay Advisors LLC now owns 560 shares of the apparel and home fashions retailer’s stock worth $57,000 after buying an additional 272 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $119.85 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market capitalization of $135.18 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.99 and a beta of 0.89. The business has a 50-day moving average of $116.13 and a two-hundred day moving average of $111.14. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $121.13.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the company earned $0.85 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Analysts Set New Price Targets

Several research analysts recently weighed in on TJX shares. Robert W. Baird upped their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company upped their target price on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

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.