The TJX Companies, Inc. (NYSE:TJX) Stock Position Lowered by Resources Management Corp CT ADV

Resources Management Corp CT ADV decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 1.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,556 shares of the apparel and home fashions retailer’s stock after selling 2,255 shares during the period. TJX Companies accounts for about 2.0% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 9th biggest position. Resources Management Corp CT ADV’s holdings in TJX Companies were worth $14,044,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TJX. Valued Wealth Advisors LLC lifted its holdings in shares of 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 worth $25,000 after buying an additional 177 shares during the period. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter worth about $25,000. OFI Invest Asset Management purchased a new stake in TJX Companies in the first quarter worth about $30,000. AlphaMark Advisors LLC grew its holdings in TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after acquiring an additional 122 shares in the last quarter. Finally, New Millennium Group LLC purchased a new position in TJX Companies during the 2nd quarter valued at about $34,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TJX shares. Robert W. Baird upped their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Barclays upped their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. BMO Capital Markets boosted their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen raised their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Trading Down 0.7 %

NYSE:TJX opened at $117.12 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $114.90 and a 200-day simple moving average of $106.43. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The company has a market capitalization of $132.36 billion, a P/E ratio of 29.06, a PEG ratio of 3.02 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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 return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 37.22%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the 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 sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.