RMR Wealth Builders Purchases 3,345 Shares of The TJX Companies, Inc. (NYSE:TJX)

RMR Wealth Builders grew its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 27.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,692 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,345 shares during the quarter. RMR Wealth Builders' holdings in TJX Companies were worth $1,911,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TJX. Vanguard Group Inc. boosted its holdings in TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after buying an additional 578,948 shares in the last quarter. Geode Capital Management LLC boosted its stake in TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors boosted its stake in TJX Companies by 4.5% in the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp boosted its stake in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Finally, Norges Bank acquired a new position in TJX Companies in the 4th quarter worth approximately $1,670,565,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE TJX traded down $0.71 on Friday, reaching $123.75. The company's stock had a trading volume of 3,786,474 shares, compared to its average volume of 5,206,524. The firm has a market cap of $138.25 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The business has a 50-day moving average price of $127.91 and a 200 day moving average price of $124.20. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

A number of research firms recently commented on TJX. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Barclays reaffirmed an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird lifted their target price on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.13% of the company's stock.

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.