Maple Capital Management Inc. Purchases 873 Shares of The TJX Companies, Inc. (NYSE:TJX)

Maple Capital Management Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,502 shares of the apparel and home fashions retailer’s stock after purchasing an additional 873 shares during the period. TJX Companies makes up about 2.0% of Maple Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Maple Capital Management Inc.’s holdings in TJX Companies were worth $26,760,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter valued at about $26,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter worth about $30,000. Finally, Truvestments Capital LLC bought a new position in TJX Companies in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets lifted 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. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $124.79 on Friday. 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 TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a fifty day moving average of $122.98 and a 200-day moving average of $119.95. The stock has a market capitalization of $140.28 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

About TJX Companies

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.