Alpha Omega Wealth Management LLC Has $256,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

Alpha Omega Wealth Management LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,523 shares of the apparel and home fashions retailer’s stock after selling 265 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in TJX Companies were worth $256,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TJX. First Bank & Trust boosted its stake in TJX Companies by 16.3% in the first quarter. First Bank & Trust now owns 2,931 shares of the apparel and home fashions retailer’s stock valued at $297,000 after buying an additional 411 shares in the last quarter. Grimes & Company Inc. grew its holdings in shares of TJX Companies by 4.1% during the 1st quarter. Grimes & Company Inc. now owns 9,053 shares of the apparel and home fashions retailer’s stock valued at $918,000 after purchasing an additional 359 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in TJX Companies by 5.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 50,381 shares of the apparel and home fashions retailer’s stock worth $5,110,000 after purchasing an additional 2,398 shares in the last quarter. Trifecta Capital Advisors LLC lifted its stake in TJX Companies by 3.3% in the 1st quarter. Trifecta Capital Advisors LLC now owns 42,246 shares of the apparel and home fashions retailer’s stock valued at $4,285,000 after purchasing an additional 1,352 shares during the last quarter. Finally, WD Rutherford LLC boosted its position in TJX Companies by 57.8% in the first quarter. WD Rutherford LLC now owns 5,025 shares of the apparel and home fashions retailer’s stock valued at $510,000 after buying an additional 1,840 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In other news, 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 value of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of the company’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 transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Insiders have sold 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 Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. Robert W. Baird lifted their price target on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. TD Cowen raised their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 price objective on TJX Companies in a research note on Tuesday, May 21st. UBS Group raised their price objective on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Telsey Advisory Group raised their price objective on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $110.37.

TJX Companies Stock Performance

Shares of TJX traded down $0.45 during mid-day trading on Friday, hitting $110.10. The stock had a trading volume of 12,781,419 shares, 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 TJX Companies, Inc. has a 52 week low of $82.25 and a 52 week high of $111.79. The firm has a market cap of $124.43 billion, a P/E ratio of 27.32, a PEG ratio of 2.96 and a beta of 0.87. The business has a fifty day moving average price of $102.48 and a 200-day moving average price of $98.25.

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

TJX Companies Announces Dividend

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

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.