First Horizon Advisors Inc. Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

First Horizon Advisors Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 226,442 shares of the apparel and home fashions retailer's stock after acquiring an additional 10,749 shares during the quarter. First Horizon Advisors Inc.'s holdings in TJX Companies were worth $27,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Millstone Evans Group LLC acquired a new stake in TJX Companies in the fourth quarter valued at $30,000. Promus Capital LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $32,000. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at about $37,000. Rialto Wealth Management LLC increased its stake in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC bought a new position in shares of TJX Companies during the first quarter worth about $52,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Barclays reaffirmed an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Stock Up 0.5%

Shares of TJX traded up $0.67 during trading hours on Friday, hitting $125.98. The stock had a trading volume of 2,986,646 shares, compared to its average volume of 5,201,556. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The firm has a market capitalization of $140.73 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The firm has a 50 day simple moving average of $127.16 and a 200-day simple moving average of $124.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

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

TJX Companies Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. TJX Companies's dividend payout ratio (DPR) 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.