Valley Wealth Managers Inc. Has $393,000 Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Valley Wealth Managers Inc. grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 18.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,879 shares of the apparel and home fashions retailer’s stock after buying an additional 607 shares during the period. Valley Wealth Managers Inc.’s holdings in TJX Companies were worth $393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Valued Wealth Advisors LLC boosted its holdings in 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 in the last quarter. Frazier Financial Advisors LLC bought a new position in TJX Companies in the fourth quarter worth approximately $27,000. Anchor Investment Management LLC bought a new position in TJX Companies in the fourth quarter worth approximately $28,000. First Pacific Financial bought a new position in shares of TJX Companies in the first quarter valued at approximately $29,000. Finally, BKM Wealth Management LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated 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 owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated 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 owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, 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 valued at $5,060,941 over the last 90 days. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $1.00 during mid-day trading on Thursday, hitting $113.97. The company had a trading volume of 2,089,190 shares, compared to its average volume of 5,476,623. The company has a market capitalization of $128.80 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 3.00 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $83.99 and a 1 year high of $114.02. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average price is $105.10 and its 200-day moving average price is $99.41.

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

TJX Companies Dividend Announcement

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. This represents a $1.50 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. Sanford C. Bernstein raised their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a report on Tuesday, May 21st. Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Telsey Advisory Group increased their price target on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, UBS Group increased their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $111.50.

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.