Maple Capital Management Inc. Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Maple Capital Management Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,629 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,941 shares during the period. TJX Companies comprises approximately 2.0% of Maple Capital Management Inc.’s holdings, making the stock its 20th biggest holding. Maple Capital Management Inc.’s holdings in TJX Companies were worth $25,933,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC boosted its position in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in TJX Companies during the 3rd quarter valued at approximately $30,000. New Millennium Group LLC bought a new stake in shares of TJX Companies in the 2nd quarter worth about $34,000. Finally, Northwest Investment Counselors LLC bought a new stake in TJX Companies in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Finally, Barclays boosted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Trading Down 0.1 %

Shares of NYSE:TJX opened at $115.52 on Tuesday. The firm has a market cap of $130.29 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $86.92 and a 12 month high of $121.13. The company’s fifty day simple moving average is $116.48 and its 200 day simple moving average is $108.88. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

Insider Buying and Selling

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