Valley Brook Capital Group Inc. Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Valley Brook Capital Group Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,465 shares of the apparel and home fashions retailer’s stock after purchasing an additional 865 shares during the period. Valley Brook Capital Group Inc.’s holdings in TJX Companies were worth $513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth about $28,000. BKM Wealth Management LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $30,000. Larson Financial Group LLC increased its holdings in shares of TJX Companies by 76.0% in the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer’s stock valued at $35,000 after purchasing an additional 168 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of TJX Companies during the fourth quarter worth approximately $40,000. Finally, Gradient Investments LLC lifted its holdings in shares of TJX Companies by 86.7% during the fourth quarter. Gradient Investments LLC now owns 478 shares of the apparel and home fashions retailer’s stock worth $45,000 after purchasing an additional 222 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on TJX shares. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 target price on shares of TJX Companies in a research note on Wednesday, February 28th. UBS Group raised TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $104.00 to $132.00 in a research note on Thursday. BMO Capital Markets upped their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Redburn Atlantic downgraded TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Monday, February 5th. Finally, The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.29.

Insider Buying and Selling

In other news, EVP Louise Greenlees sold 2,694 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Louise Greenlees sold 2,694 shares of TJX Companies stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

TJX Companies Trading Up 0.2 %

NYSE:TJX traded up $0.20 on Friday, reaching $95.11. The stock had a trading volume of 5,894,076 shares, compared to its average volume of 5,182,456. The TJX Companies, Inc. has a 12-month low of $75.65 and a 12-month high of $102.84. The company has a market cap of $107.76 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.45 and a beta of 0.87. The firm’s fifty day moving average is $96.94 and its two-hundred day moving average is $94.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Equities analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current fiscal year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, May 15th. TJX Companies’s dividend payout ratio is presently 34.46%.

TJX Companies declared that its Board of Directors has approved a share buyback program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.