Valley Brook Capital Group Inc. Has $513,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Valley Brook Capital Group Inc. increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 18.8% in the 4th quarter, Holdings Channel reports. The firm 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 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. W.H. Cornerstone Investments Inc. lifted its holdings in shares of TJX Companies by 34.3% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 3,537 shares of the apparel and home fashions retailer’s stock worth $332,000 after buying an additional 904 shares during the last quarter. Clearstead Trust LLC lifted its holdings in shares of TJX Companies by 42.5% during the fourth quarter. Clearstead Trust LLC now owns 23,045 shares of the apparel and home fashions retailer’s stock worth $2,162,000 after buying an additional 6,878 shares during the last quarter. Connecticut Wealth Management LLC lifted its holdings in shares of TJX Companies by 5.6% during the fourth quarter. Connecticut Wealth Management LLC now owns 18,017 shares of the apparel and home fashions retailer’s stock worth $1,690,000 after buying an additional 956 shares during the last quarter. TCG Advisory Services LLC acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $317,000. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in shares of TJX Companies by 323.9% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 33,813 shares of the apparel and home fashions retailer’s stock worth $3,172,000 after buying an additional 25,837 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TJX. BMO Capital Markets boosted their price objective on TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. UBS Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $104.00 to $132.00 in a research report on Thursday. Telsey Advisory Group restated an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Finally, Redburn Atlantic cut TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Monday, February 5th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.29.

TJX Companies Trading Up 0.2 %

NYSE:TJX traded up $0.20 during mid-day trading on Friday, hitting $95.11. The company had a trading volume of 5,894,076 shares, compared to its average volume of 5,182,456. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The business’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 quick ratio of 0.64 and a current ratio of 1.21. The firm has a market cap of $107.76 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.45 and a beta of 0.87.

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

TJX Companies Increases Dividend

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

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

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at $51,053,982.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

About TJX Companies

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.