Smith Salley Wealth Management Purchases 8,277 Shares of The TJX Companies, Inc. (NYSE:TJX)

Smith Salley Wealth Management raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,865 shares of the apparel and home fashions retailer’s stock after acquiring an additional 8,277 shares during the quarter. TJX Companies makes up about 2.0% of Smith Salley Wealth Management’s investment portfolio, making the stock its 11th biggest position. Smith Salley Wealth Management’s holdings in TJX Companies were worth $30,427,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Register Financial Advisors LLC bought a new stake in TJX Companies in the 1st quarter worth approximately $37,000. Vicus Capital grew its stake in shares of TJX Companies by 110.0% in the 1st quarter. Vicus Capital now owns 5,708 shares of the apparel and home fashions retailer’s stock worth $579,000 after buying an additional 2,990 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in shares of TJX Companies in the 1st quarter worth about $371,000. Trilogy Capital Inc. purchased a new stake in shares of TJX Companies during the 1st quarter valued at about $289,000. Finally, Chapin Davis Inc. bought a new position in shares of TJX Companies in the 1st quarter valued at about $209,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TJX. Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Barclays raised their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Robert W. Baird boosted their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Evercore ISI raised their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $113.82 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average price is $116.77 and its 200-day moving average price is $109.29. The firm has a market cap of $128.63 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $86.92 and a 12 month 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 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the firm posted $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 expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. TJX Companies’s dividend payout ratio is currently 37.22%.

TJX Companies Company Profile

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.