Pennington Partners & CO. LLC Makes New $257,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Pennington Partners & CO. LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,124 shares of the apparel and home fashions retailer’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in TJX Companies by 1.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock worth $603,000 after buying an additional 84 shares during the period. Nwam LLC lifted its stake in TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after purchasing an additional 84 shares during the period. One Charles Private Wealth Services LLC boosted its stake in TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock valued at $218,000 after buying an additional 86 shares in the last quarter. Breakwater Capital Group increased its position in shares of TJX Companies by 1.2% during the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after purchasing an additional 91 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in shares of TJX Companies by 1.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 8,778 shares of the apparel and home fashions retailer’s stock valued at $1,060,000 after acquiring an additional 91 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TJX has been the topic of several research analyst reports. Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley lifted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their price objective on TJX Companies from $125.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $137.06.

TJX Companies Price Performance

NYSE:TJX opened at $127.60 on Friday. The stock has a market capitalization of $142.54 billion, a PE ratio of 30.02, a P/E/G ratio of 2.75 and a beta of 0.86. The TJX Companies, Inc. has a 1-year low of $94.32 and a 1-year high of $131.30. The firm has a fifty day simple moving average of $122.40 and a 200 day simple moving average of $121.78. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

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

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is 39.91%.

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 stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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.