Smith Salley Wealth Management Has $44.88 Million Stock Holdings in The TJX Companies, Inc. $TJX

Smith Salley Wealth Management raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 281,025 shares of the apparel and home fashions retailer’s stock after buying an additional 3,391 shares during the period. TJX Companies comprises approximately 2.3% of Smith Salley Wealth Management’s holdings, making the stock its 9th largest position. Smith Salley Wealth Management’s holdings in TJX Companies were worth $44,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banco Santander S.A. boosted its stake in shares of TJX Companies by 24.6% during the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after acquiring an additional 31,631 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in shares of TJX Companies by 9.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock valued at $57,363,000 after acquiring an additional 32,407 shares during the period. Family Capital Trust Co increased its stake in shares of TJX Companies by 1,080.0% in the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after purchasing an additional 12,377 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after purchasing an additional 2,989 shares during the period. Finally, Nordea Investment Management AB raised its holdings in TJX Companies by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after purchasing an additional 420,232 shares during the period. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 10,002 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the sale, the chief executive officer owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This trade represents a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

TJX Companies Price Performance

TJX opened at $163.81 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $170.00. The firm’s fifty day moving average is $158.04 and its 200 day moving average is $156.57. The stock has a market cap of $180.96 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 3.55 and a beta of 0.62.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.TJX Companies’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is 37.28%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays reiterated an “overweight” rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Wells Fargo & Company restated an “outperform” rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings cut TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday. Finally, BTIG Research boosted their price objective on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $174.58.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.