Curi RMB Capital LLC Sells 7,553 Shares of The TJX Companies, Inc. (NYSE:TJX)

Curi RMB Capital LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 397,689 shares of the apparel and home fashions retailer’s stock after selling 7,553 shares during the quarter. TJX Companies makes up 1.1% of Curi RMB Capital LLC’s investment portfolio, making the stock its 19th largest position. Curi RMB Capital LLC’s holdings in TJX Companies were worth $46,744,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its holdings in shares of TJX Companies by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock worth $2,468,000 after buying an additional 607 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in TJX Companies by 4.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,709 shares of the apparel and home fashions retailer’s stock valued at $883,000 after acquiring an additional 380 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in shares of TJX Companies in the 1st quarter worth about $3,318,000. Motco boosted its stake in TJX Companies by 0.7% in the first quarter. Motco now owns 112,586 shares of the apparel and home fashions retailer’s stock worth $11,418,000 after buying an additional 815 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its stake in shares of TJX Companies by 15.5% during the first quarter. J.Safra Asset Management Corp now owns 1,381 shares of the apparel and home fashions retailer’s stock worth $140,000 after acquiring an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

NYSE TJX opened at $121.19 on Thursday. The stock has a market cap of $136.69 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $121.92. The company’s 50 day moving average is $116.21 and its two-hundred day moving average is $111.21. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Analysts Set New Price Targets

TJX has been the topic of several recent research reports. Loop Capital increased their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley boosted their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. TD Cowen raised their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. UBS Group increased 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. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.12.

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.