Smith Salley Wealth Management Has $31.82 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Smith Salley Wealth Management raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 263,376 shares of the apparel and home fashions retailer's stock after acquiring an additional 4,511 shares during the period. TJX Companies comprises about 2.0% of Smith Salley Wealth Management's investment portfolio, making the stock its 10th largest holding. Smith Salley Wealth Management's holdings in TJX Companies were worth $31,819,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TJX. Hartford Funds Management Co LLC grew its position in shares of TJX Companies by 0.5% in the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock valued at $2,107,000 after purchasing an additional 86 shares during the period. Stablepoint Partners LLC boosted its holdings in shares of TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer's stock valued at $3,164,000 after buying an additional 89 shares during the period. Signature Estate & Investment Advisors LLC increased its position in shares of TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock worth $318,000 after acquiring an additional 90 shares in the last quarter. Hamilton Capital LLC lifted its position in TJX Companies by 3.9% in the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer's stock valued at $273,000 after acquiring an additional 90 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in TJX Companies by 3.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer's stock valued at $295,000 after acquiring an additional 91 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX stock traded up $0.51 during midday trading on Friday, hitting $121.89. 4,752,383 shares of the company were exchanged, compared to its average volume of 4,388,107. The firm has a market capitalization of $137.03 billion, a P/E ratio of 28.68, a PEG ratio of 2.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The firm's 50 day moving average price is $122.56 and its two-hundred day moving average price is $117.51.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. During the same period in the previous year, the firm earned $1.03 EPS. The company's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's dividend payout ratio is currently 35.29%.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research reports. StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. TD Cowen boosted their target price on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Evercore ISI raised their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.33.

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.