2,161 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,161 shares of the apparel and home fashions retailer's stock, valued at approximately $263,000.

Several other hedge funds have also modified their holdings of the business. Lindbrook Capital LLC raised its holdings in TJX Companies by 18.5% during the first quarter. Lindbrook Capital LLC now owns 6,802 shares of the apparel and home fashions retailer's stock worth $828,000 after purchasing an additional 1,060 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in TJX Companies by 4.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 87,150 shares of the apparel and home fashions retailer's stock worth $10,615,000 after purchasing an additional 3,563 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in TJX Companies by 52.1% during the first quarter. J.W. Cole Advisors Inc. now owns 28,665 shares of the apparel and home fashions retailer's stock worth $3,491,000 after purchasing an additional 9,816 shares during the last quarter. IFP Advisors Inc raised its holdings in TJX Companies by 81.7% during the first quarter. IFP Advisors Inc now owns 35,073 shares of the apparel and home fashions retailer's stock worth $4,272,000 after purchasing an additional 15,771 shares during the last quarter. Finally, OneAscent Financial Services LLC raised its holdings in TJX Companies by 105.8% during the first quarter. OneAscent Financial Services LLC now owns 7,014 shares of the apparel and home fashions retailer's stock worth $856,000 after purchasing an additional 3,606 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on TJX. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Daiwa America raised TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, TD Securities raised their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $141.06.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 0.7%

TJX stock traded up $0.81 during trading on Tuesday, reaching $125.75. 4,284,114 shares of the stock traded hands, compared to its average volume of 5,186,518. The business's 50 day moving average price is $126.19 and its 200-day moving average price is $124.15. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm has a market capitalization of $140.48 billion, a PE ratio of 29.40, a P/E/G ratio of 2.92 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business 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 dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 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.