Alpha Omega Wealth Management LLC Buys 127 Shares of The TJX Companies, Inc. (NYSE:TJX)

Alpha Omega Wealth Management LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,569 shares of the apparel and home fashions retailer’s stock after purchasing an additional 127 shares during the period. Alpha Omega Wealth Management LLC’s holdings in TJX Companies were worth $313,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TJX. Norges Bank bought a new stake in shares of TJX Companies during the 4th quarter valued at about $1,670,565,000. Raymond James Financial Inc. purchased a new position in TJX Companies during the 4th quarter valued at about $570,342,000. GAMMA Investing LLC lifted its position in TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock valued at $354,696,000 after acquiring an additional 2,892,151 shares during the period. Capital Research Global Investors lifted its position in TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock valued at $313,512,000 after acquiring an additional 2,266,415 shares during the period. Finally, Northern Trust Corp lifted its position in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $124.54 on Thursday. The company has a 50 day moving average price of $127.73 and a 200-day moving average price of $124.22. The TJX Companies, Inc. has a 52 week low of $106.18 and a 52 week high of $135.85. The firm has a market capitalization of $139.12 billion, a PE ratio of 29.30, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies’s dividend payout ratio is presently 40.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TJX. TD Securities lifted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Robert W. Baird lifted their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, May 22nd. Finally, Barclays reissued an “overweight” rating and set a $147.00 price target (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

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.