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

Valley Brook Capital Group Inc. increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,420 shares of the apparel and home fashions retailer’s stock after purchasing an additional 940 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in TJX Companies were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. lifted its position in TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after acquiring an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares in the last quarter. Capital Wealth Planning LLC purchased a new position in TJX Companies in the second quarter worth $315,698,000. Finally, Los Angeles Capital Management LLC increased its position in shares of TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after purchasing an additional 1,313,517 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several research analyst reports. Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. UBS Group boosted their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Loop Capital boosted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Performance

TJX stock traded up $0.77 during trading on Thursday, hitting $116.40. 177,741 shares of the company traded hands, compared to its average volume of 5,211,714. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.13. The company has a market cap of $131.28 billion, a PE ratio of 27.93, a P/E/G ratio of 2.85 and a beta of 0.89. The stock’s 50-day simple moving average is $116.07 and its 200 day simple moving average is $110.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.29%. TJX Companies’s dividend payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.