Maverick Capital Ltd. Has $571,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Maverick Capital Ltd. lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 90.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,861 shares of the apparel and home fashions retailer’s stock after selling 44,082 shares during the period. Maverick Capital Ltd.’s holdings in TJX Companies were worth $571,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Finally, New Millennium Group LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value 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 approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 20th. Barclays upped their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group upped their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.47.

TJX Companies Trading Down 0.5 %

TJX Companies stock opened at $125.69 on Monday. The stock has a market cap of $141.76 billion, a P/E ratio of 29.57, a PEG ratio of 3.09 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $128.00. The firm’s fifty day moving average price is $117.29 and its 200-day moving average price is $113.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) 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.