Stonebrook Private Inc. Buys 570 Shares of The TJX Companies, Inc. (NYSE:TJX)

Stonebrook Private Inc. lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 6.6% in the 4th quarter, HoldingsChannel reports. The fund owned 9,185 shares of the apparel and home fashions retailer’s stock after purchasing an additional 570 shares during the quarter. Stonebrook Private Inc.’s holdings in TJX Companies were worth $1,110,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TJX. Bogart Wealth LLC acquired a new position in TJX Companies during the 4th quarter valued at about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies during the 4th quarter valued at about $26,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the 4th quarter valued at about $30,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the 4th quarter valued at about $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies during the 4th quarter valued at about $32,000. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Morgan Stanley reduced their target price on TJX Companies from $136.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. BMO Capital Markets upped their target price on TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company upped their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.25.

TJX Companies Stock Up 0.2%

Shares of TJX stock opened at $133.37 on Friday. The stock’s 50-day simple moving average is $124.30 and its 200-day simple moving average is $122.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a market capitalization of $148.98 billion, a PE ratio of 31.38, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a fifty-two week low of $97.53 and a fifty-two week high of $133.90.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. Equities analysts expect that The TJX Companies, Inc. will post 4.18 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 5th. Investors of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.27%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio (DPR) is 39.91%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 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.