RMR Wealth Builders purchased a new stake in shares of TJX Companies Inc (NYSE:TJX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,624 shares of the apparel and home fashions retailer’s stock, valued at approximately $82,000.

A number of other large investors have also made changes to their positions in the stock. Laidlaw Wealth Management LLC lifted its position in TJX Companies by 9.5% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 6,451 shares of the apparel and home fashions retailer’s stock valued at $326,000 after acquiring an additional 560 shares during the period. Griffin Asset Management Inc. boosted its position in shares of TJX Companies by 1.2% in the 2nd quarter. Griffin Asset Management Inc. now owns 142,575 shares of the apparel and home fashions retailer’s stock worth $7,209,000 after purchasing an additional 1,723 shares in the last quarter. Advisors Capital Management LLC grew its stake in shares of TJX Companies by 10.6% in the 2nd quarter. Advisors Capital Management LLC now owns 482,757 shares of the apparel and home fashions retailer’s stock worth $24,408,000 after buying an additional 46,160 shares during the last quarter. WFA of San Diego LLC bought a new position in TJX Companies during the 2nd quarter valued at approximately $630,000. Finally, Jackson Square Capital LLC raised its stake in TJX Companies by 63.7% during the second quarter. Jackson Square Capital LLC now owns 596 shares of the apparel and home fashions retailer’s stock valued at $30,000 after buying an additional 232 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Shares of TJX traded up $0.51 on Wednesday, reaching $57.37. The company’s stock had a trading volume of 109,494 shares, compared to its average volume of 8,666,545. The stock’s 50 day simple moving average is $54.55 and its two-hundred day simple moving average is $51.66. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.51 and a quick ratio of 1.02. The stock has a market capitalization of $68.18 billion, a P/E ratio of 100.70, a PEG ratio of 29.19 and a beta of 0.74. TJX Companies Inc has a 12-month low of $32.72 and a 12-month high of $64.95.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.08). TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the business posted $0.62 earnings per share. The firm’s revenue was down 31.8% on a year-over-year basis. Analysts expect that TJX Companies Inc will post 0.18 earnings per share for the current year.

In related news, EVP Kenneth Canestrari sold 22,200 shares of TJX Companies stock in a transaction on Monday, August 31st. The stock was sold at an average price of $55.55, for a total transaction of $1,233,210.00. Following the transaction, the executive vice president now directly owns 122,347 shares in the company, valued at $6,796,375.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

TJX has been the topic of several recent analyst reports. Barclays increased their price objective on shares of TJX Companies from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Royal Bank of Canada increased their price target on shares of TJX Companies from $48.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Zacks Investment Research lowered shares of TJX Companies from a “hold” rating to a “sell” rating and set a $50.00 price objective for the company. in a report on Tuesday, August 18th. Cfra upped their price objective on TJX Companies from $60.00 to $65.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 21st. Finally, MKM Partners reduced their target price on TJX Companies from $68.00 to $64.00 in a report on Thursday, August 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. TJX Companies presently has an average rating of “Buy” and a consensus price target of $63.72.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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