Curi RMB Capital LLC Reduces Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Curi RMB Capital LLC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 397,689 shares of the apparel and home fashions retailer’s stock after selling 7,553 shares during the period. TJX Companies accounts for 1.1% of Curi RMB Capital LLC’s holdings, making the stock its 19th biggest position. Curi RMB Capital LLC’s holdings in TJX Companies were worth $46,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after acquiring an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. increased its position in shares of TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after purchasing an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the period. Capital Wealth Planning LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth approximately $315,698,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after purchasing an additional 1,313,517 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Barclays upped their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America raised their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $127.12.

TJX Companies Trading Up 1.1 %

NYSE TJX opened at $121.19 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.92. The stock’s 50 day moving average price is $116.21 and its two-hundred day moving average price is $111.21. The stock has a market capitalization of $136.69 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. 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 prior year, the firm earned $0.85 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.14 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. Shareholders 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 dividend on an annualized basis and a yield of 1.24%. TJX Companies’s dividend payout ratio is currently 36.23%.

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.