Maple Capital Management Inc. lifted its position in TJX Companies (NYSE:TJX) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,434 shares of the apparel and home fashions retailer’s stock after buying an additional 24,415 shares during the quarter. TJX Companies comprises 2.3% of Maple Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding. Maple Capital Management Inc.’s holdings in TJX Companies were worth $8,903,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in TJX Companies by 0.9% during the fourth quarter. BlackRock Inc. now owns 45,354,058 shares of the apparel and home fashions retailer’s stock worth $3,467,773,000 after purchasing an additional 425,832 shares during the period. Bank of New York Mellon Corp boosted its position in shares of TJX Companies by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 19,328,384 shares of the apparel and home fashions retailer’s stock valued at $1,477,847,000 after acquiring an additional 728,422 shares during the period. Geode Capital Management LLC boosted its position in shares of TJX Companies by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 7,118,209 shares of the apparel and home fashions retailer’s stock valued at $543,162,000 after acquiring an additional 211,836 shares during the period. Alliancebernstein L.P. boosted its position in shares of TJX Companies by 5.6% in the fourth quarter. Alliancebernstein L.P. now owns 7,095,183 shares of the apparel and home fashions retailer’s stock valued at $542,498,000 after acquiring an additional 376,424 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of TJX Companies by 1.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 6,112,104 shares of the apparel and home fashions retailer’s stock valued at $467,331,000 after acquiring an additional 95,862 shares during the period. 90.95% of the stock is owned by institutional investors and hedge funds.
TJX has been the subject of a number of recent research reports. Buckingham Research restated a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of TJX Companies in a research note on Thursday, March 1st. Cowen set a $92.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. BMO Capital Markets set a $94.00 price target on TJX Companies and gave the company a “buy” rating in a report on Thursday, March 1st. Finally, Guggenheim reiterated a “buy” rating and issued a $86.00 price target on shares of TJX Companies in a report on Friday, December 15th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. TJX Companies currently has an average rating of “Buy” and an average price target of $87.30.
TJX traded down $1.52 during trading on Friday, hitting $83.44. The stock had a trading volume of 2,879,007 shares, compared to its average volume of 3,658,705. The company has a market capitalization of $53,720.43, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84. TJX Companies has a one year low of $66.44 and a one year high of $85.21.
TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The firm had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.75 billion. During the same period in the prior year, the company posted $1.03 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. equities analysts anticipate that TJX Companies will post 4.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 17th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from TJX Companies’s previous quarterly dividend of $0.31. TJX Companies’s payout ratio is 30.94%.
TJX Companies declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 28th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
In other TJX Companies news, CEO Ernie Herrman sold 12,835 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $82.26, for a total value of $1,055,807.10. Following the sale, the chief executive officer now owns 431,986 shares in the company, valued at approximately $35,535,168.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Carol Meyrowitz sold 43,020 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $83.77, for a total value of $3,603,785.40. Following the sale, the chairman now owns 294,098 shares in the company, valued at approximately $24,636,589.46. The disclosure for this sale can be found here. Insiders have sold a total of 77,855 shares of company stock valued at $6,502,443 in the last three months. 0.23% of the stock is owned by insiders.
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TJX Companies Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise.
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