Valley Brook Capital Group Inc. Acquires 760 Shares of The TJX Companies, Inc. (NYSE:TJX)

Valley Brook Capital Group Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.2% during the fourth quarter, HoldingsChannel reports. The fund owned 8,180 shares of the apparel and home fashions retailer’s stock after acquiring an additional 760 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in TJX Companies were worth $988,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TJX. Exchange Traded Concepts LLC increased its position in TJX Companies by 2,353.0% during the third quarter. Exchange Traded Concepts LLC now owns 22,617 shares of the apparel and home fashions retailer’s stock valued at $2,658,000 after acquiring an additional 21,695 shares during the last quarter. CX Institutional lifted its stake in TJX Companies by 15.0% in the third quarter. CX Institutional now owns 47,647 shares of the apparel and home fashions retailer’s stock worth $5,600,000 after acquiring an additional 6,215 shares during the period. Wesbanco Bank Inc. lifted its stake in TJX Companies by 2.1% in the third quarter. Wesbanco Bank Inc. now owns 40,776 shares of the apparel and home fashions retailer’s stock worth $4,793,000 after acquiring an additional 851 shares during the period. Creative Planning lifted its stake in TJX Companies by 5.5% in the third quarter. Creative Planning now owns 323,654 shares of the apparel and home fashions retailer’s stock worth $38,042,000 after acquiring an additional 16,883 shares during the period. Finally, Occidental Asset Management LLC acquired a new position in TJX Companies in the 3rd quarter worth approximately $239,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TJX. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group increased 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. Morgan Stanley raised their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.53.

TJX Companies Stock Performance

NYSE TJX opened at $124.66 on Wednesday. The company has a market cap of $140.14 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a 50-day moving average of $123.23 and a two-hundred day moving average of $118.85. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

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

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is presently 35.29%.

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.