The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Smith Salley Wealth Management

Smith Salley Wealth Management lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 265,933 shares of the apparel and home fashions retailer's stock after buying an additional 2,557 shares during the period. TJX Companies accounts for approximately 2.1% of Smith Salley Wealth Management's holdings, making the stock its 10th biggest position. Smith Salley Wealth Management's holdings in TJX Companies were worth $32,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TJX. Millstone Evans Group LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $32,000. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $37,000. Tacita Capital Inc bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $38,000. Finally, Rialto Wealth Management LLC boosted its position in TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of TJX stock traded up $1.68 during midday trading on Tuesday, reaching $125.17. 5,078,603 shares of the company were exchanged, compared to its average volume of 5,193,618. The company's 50 day moving average price is $127.20 and its two-hundred day moving average price is $123.97. The company has a market cap of $139.83 billion, a P/E ratio of 29.45, a PEG ratio of 2.92 and a beta of 0.90. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TJX shares. TD Securities increased their target price on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Robert W. Baird upped their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $141.53.

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.