Valley Wealth Managers Inc. Purchases 607 Shares of The TJX Companies, Inc. (NYSE:TJX)

Valley Wealth Managers Inc. increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,879 shares of the apparel and home fashions retailer’s stock after acquiring an additional 607 shares during the quarter. Valley Wealth Managers Inc.’s holdings in TJX Companies were worth $393,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TJX. Valued Wealth Advisors LLC increased its stake in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares during the period. Frazier Financial Advisors LLC purchased a new position in TJX Companies during the fourth quarter valued at $27,000. Anchor Investment Management LLC purchased a new position in TJX Companies during the fourth quarter valued at $28,000. First Pacific Financial purchased a new position in shares of TJX Companies in the first quarter worth about $29,000. Finally, BKM Wealth Management LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $30,000. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock valued at $5,060,941 in the last ninety days. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE TJX traded up $1.00 during trading hours on Thursday, reaching $113.97. The company’s stock had a trading volume of 2,089,190 shares, compared to its average volume of 5,476,623. The stock has a market cap of $128.80 billion, a PE ratio of 28.20, a PEG ratio of 3.00 and a beta of 0.88. The TJX Companies, Inc. has a fifty-two week low of $83.99 and a fifty-two week high of $114.02. The company’s 50-day moving average is $105.10 and its two-hundred day moving average is $99.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.32%. TJX Companies’s dividend payout ratio is currently 37.22%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TJX shares. Sanford C. Bernstein raised their price objective 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. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. Robert W. Baird boosted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Barclays boosted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, UBS Group boosted their price target on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.50.

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.