The TJX Companies, Inc. $TJX is Smith Salley Wealth Management’s 9th Largest Position

Smith Salley Wealth Management increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 280,324 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,691 shares during the period. TJX Companies accounts for approximately 2.1% of Smith Salley Wealth Management’s investment portfolio, making the stock its 9th biggest position. Smith Salley Wealth Management’s holdings in TJX Companies were worth $40,518,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TJX. Lewis Asset Management LLC increased its position in shares of TJX Companies by 3.4% during the third quarter. Lewis Asset Management LLC now owns 5,692 shares of the apparel and home fashions retailer’s stock worth $823,000 after purchasing an additional 189 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of TJX Companies by 8.1% during the third quarter. Sivia Capital Partners LLC now owns 3,728 shares of the apparel and home fashions retailer’s stock worth $539,000 after buying an additional 280 shares in the last quarter. Weaver Capital Management LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $333,000. Diversified Trust Co lifted its stake in shares of TJX Companies by 23.7% in the third quarter. Diversified Trust Co now owns 25,442 shares of the apparel and home fashions retailer’s stock worth $3,677,000 after buying an additional 4,882 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its position in TJX Companies by 1.2% during the third quarter. Segment Wealth Management LLC now owns 108,702 shares of the apparel and home fashions retailer’s stock worth $15,712,000 after acquiring an additional 1,287 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 24,363 shares of TJX Companies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the transaction, the chief executive officer directly owned 510,780 shares of the company’s stock, valued at $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the sale, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,863 shares of company stock worth $8,226,366 in the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent research reports. Barclays set a $172.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a report on Thursday, December 4th. BTIG Research reaffirmed a “buy” rating and issued a $165.00 price target on shares of TJX Companies in a report on Thursday, November 20th. Jefferies Financial Group reissued a “buy” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, November 11th. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Buy” and a consensus price target of $161.50.

TJX Companies Stock Performance

TJX stock opened at $155.32 on Wednesday. The company has a market capitalization of $172.48 billion, a P/E ratio of 34.29, a PEG ratio of 3.51 and a beta of 0.76. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $149.65 and a 200 day simple moving average of $139.02. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $157.82.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The company had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. During the same period in the prior year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is 37.53%.

TJX Companies 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.