The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.5% in the first quarter, Holdings Channel.com reports. The firm owned 2,523 shares of the apparel and home fashions retailer’s stock after selling 265 shares during the period. Alpha Omega Wealth Management LLC’s holdings in TJX Companies were worth $256,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the 4th quarter worth $27,000. Anchor Investment Management LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $28,000. BKM Wealth Management LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $30,000. Register Financial Advisors LLC acquired a new position in shares of TJX Companies in the 1st quarter valued at about $37,000. Finally, Sachetta LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at about $38,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.4 %

TJX traded down $0.45 on Friday, reaching $110.10. 12,781,419 shares of the company traded hands, compared to its average volume of 6,462,926. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The company has a market cap of $124.43 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.96 and a beta of 0.87. The stock’s 50 day moving average price is $102.48 and its 200-day moving average price is $98.25. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is currently 37.22%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barclays lifted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Robert W. Baird boosted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Finally, Evercore ISI set a $113.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.37.

TJX Companies 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.