16,894 Shares in The TJX Companies, Inc. (NYSE:TJX) Bought by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,894 shares of the apparel and home fashions retailer's stock, valued at approximately $2,058,000.

Other hedge funds have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after buying an additional 84 shares during the last quarter. Nwam LLC raised its stake in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after acquiring an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC raised its stake in shares of TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after acquiring an additional 86 shares in the last quarter. Finally, Amplius Wealth Advisors LLC raised its stake in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after acquiring an additional 93 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group reiterated a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.53.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of TJX stock opened at $124.27 on Tuesday. The stock's fifty day simple moving average is $127.99 and its 200 day simple moving average is $124.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market cap of $138.83 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85.

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

TJX Companies Announces Dividend

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

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.

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