Resources Management Corp CT ADV Has $14.78 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Resources Management Corp CT ADV cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,708 shares of the apparel and home fashions retailer’s stock after selling 1,848 shares during the quarter. TJX Companies comprises about 2.0% of Resources Management Corp CT ADV’s portfolio, making the stock its 10th biggest position. Resources Management Corp CT ADV’s holdings in TJX Companies were worth $14,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in TJX. Executive Wealth Management LLC purchased a new position in TJX Companies in the third quarter valued at about $3,742,000. LRI Investments LLC lifted its position in TJX Companies by 491.0% during the third quarter. LRI Investments LLC now owns 27,190 shares of the apparel and home fashions retailer’s stock valued at $3,196,000 after acquiring an additional 22,589 shares during the last quarter. Hamilton Capital LLC boosted its stake in TJX Companies by 3.9% in the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock valued at $273,000 after acquiring an additional 90 shares in the last quarter. Groupama Asset Managment grew its holdings in TJX Companies by 10.5% in the third quarter. Groupama Asset Managment now owns 306,089 shares of the apparel and home fashions retailer’s stock worth $35,978,000 after purchasing an additional 29,127 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA increased its position in shares of TJX Companies by 0.3% during the third quarter. Roffman Miller Associates Inc. PA now owns 172,775 shares of the apparel and home fashions retailer’s stock worth $20,308,000 after purchasing an additional 505 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $125.91 on Tuesday. The TJX Companies, Inc. has a 1 year low of $88.58 and a 1 year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company’s fifty day moving average price is $118.26 and its 200 day moving average price is $114.58. The company has a market capitalization of $141.54 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 61.82% and a net margin of 8.63%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.03 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. 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 research report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Guggenheim increased their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, TD Cowen lifted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.89.

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.