RMR Wealth Builders Has $1.49 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

RMR Wealth Builders grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 203.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,347 shares of the apparel and home fashions retailer's stock after buying an additional 8,272 shares during the quarter. RMR Wealth Builders' holdings in TJX Companies were worth $1,492,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. One Capital Management LLC grew its stake in shares of TJX Companies by 27.8% in the 2nd quarter. One Capital Management LLC now owns 3,331 shares of the apparel and home fashions retailer's stock valued at $367,000 after purchasing an additional 725 shares during the period. Plancorp LLC boosted its stake in TJX Companies by 3.6% in the 2nd quarter. Plancorp LLC now owns 2,930 shares of the apparel and home fashions retailer's stock valued at $323,000 after buying an additional 103 shares in the last quarter. Perennial Investment Advisors LLC grew its position in TJX Companies by 22.6% in the second quarter. Perennial Investment Advisors LLC now owns 4,527 shares of the apparel and home fashions retailer's stock valued at $498,000 after acquiring an additional 834 shares during the period. Axxcess Wealth Management LLC grew its position in TJX Companies by 15.4% in the second quarter. Axxcess Wealth Management LLC now owns 16,397 shares of the apparel and home fashions retailer's stock valued at $1,805,000 after acquiring an additional 2,186 shares during the period. Finally, E Fund Management Co. Ltd. bought a new position in shares of TJX Companies during the second quarter valued at $521,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 1.9 %

TJX Companies stock traded up $2.31 during trading hours on Thursday, reaching $121.42. 3,830,763 shares of the company's stock traded hands, compared to its average volume of 4,412,605. The firm has a market capitalization of $136.49 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.94 and a beta of 0.91. 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 TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The firm's 50 day moving average is $122.39 and its 200-day moving average is $117.35.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analysts' expectations of $13.95 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies's payout ratio is 35.29%.

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 10th. TD Cowen raised their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Jefferies Financial Group boosted their target price on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, StockNews.com upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and an average price target of $131.33.

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.