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

Valley Brook Capital Group Inc. increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 14.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the second quarter worth $25,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the 3rd quarter valued at about $30,000. New Millennium Group LLC purchased a new stake in TJX Companies during the 2nd quarter valued at about $34,000. Northwest Investment Counselors LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $37,000. Finally, Anfield Capital Management LLC purchased a new position in TJX Companies in the 2nd quarter worth approximately $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.77 during trading on Thursday, reaching $116.40. The company had a trading volume of 177,741 shares, compared to its average volume of 5,211,714. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock’s fifty day moving average price is $116.07 and its 200 day moving average price is $110.39. The firm has a market capitalization of $131.28 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Analyst Ratings Changes

Several research firms recently commented on TJX. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. TD Cowen boosted their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company upped their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, Loop Capital boosted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

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.