The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Pointe Capital Management LLC

Pointe Capital Management LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,003 shares of the apparel and home fashions retailer’s stock after selling 129 shares during the period. Pointe Capital Management LLC’s holdings in TJX Companies were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its position in shares of TJX Companies by 42.9% in 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 acquiring an additional 69,489 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of TJX Companies by 4.3% in the 3rd quarter. Modera Wealth Management LLC now owns 9,907 shares of the apparel and home fashions retailer’s stock worth $1,165,000 after buying an additional 405 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of TJX Companies by 12.3% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,395 shares of the apparel and home fashions retailer’s stock valued at $517,000 after purchasing an additional 480 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of TJX Companies by 1.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 6,526 shares of the apparel and home fashions retailer’s stock worth $767,000 after purchasing an additional 102 shares during the period. Finally, Orrstown Financial Services Inc. increased its position in TJX Companies by 7.7% during the 3rd quarter. Orrstown Financial Services Inc. now owns 11,726 shares of the apparel and home fashions retailer’s stock worth $1,378,000 after purchasing an additional 838 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on TJX shares. Guggenheim boosted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Evercore ISI raised their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.18.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $122.71 on Wednesday. The firm has a market cap of $137.94 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The firm’s 50-day simple moving average is $122.80 and its 200-day simple moving average is $119.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a dividend yield of 1.22%. TJX Companies’s payout ratio is 35.29%.

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.