First Horizon Corp Has $24.97 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• First Horizon Corp trimmed its TJX stake by 4.1% in the first quarter, but still held 156,333 shares valued at about $24.97 million. TJX remained a meaningful holding, accounting for roughly 1% of First Horizon’s portfolio.
• TJX reported strong quarterly results, with earnings of $1.19 per share beating estimates and revenue of $14.32 billion topping expectations. Sales rose 9.2% year over year, and the company also reaffirmed upbeat guidance for upcoming periods.
• Analysts and institutional investors remain constructive on TJX, with multiple firms raising price targets and the stock carrying a consensus Buy rating. The company also announced a quarterly dividend of $0.48 per share, yielding about 1.3% annualized.

First Horizon Corp cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,333 shares of the apparel and home fashions retailer's stock after selling 6,653 shares during the quarter. TJX Companies comprises about 1.0% of First Horizon Corp's holdings, making the stock its 26th largest position. First Horizon Corp's holdings in TJX Companies were worth $24,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in TJX Companies in the fourth quarter valued at approximately $2,211,975,000. Diamant Asset Management Inc. increased its stake in shares of TJX Companies by 15,998.0% in the 1st quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer's stock valued at $603,663,000 after acquiring an additional 3,756,502 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of TJX Companies by 91.6% during the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer's stock valued at $970,185,000 after acquiring an additional 3,208,458 shares during the period. Corient Private Wealth LLC grew its holdings in TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer's stock worth $620,406,000 after purchasing an additional 2,743,676 shares during the period. Finally, Amundi grew its holdings in TJX Companies by 22.1% in the third quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer's stock worth $1,391,822,000 after purchasing an additional 1,761,281 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 1.5%

NYSE:TJX opened at $150.52 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a 50-day moving average of $156.91 and a 200-day moving average of $156.72. The company has a market cap of $166.28 billion, a PE ratio of 29.23, a PEG ratio of 3.31 and a beta of 0.63. The TJX Companies, Inc. has a one year low of $119.84 and a one year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analysts' expectations of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. As a group, equities research analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. TJX Companies's payout ratio is presently 37.28%.

Analyst Ratings Changes

TJX has been the topic of several research reports. BTIG Research upped their price objective on shares of TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a report on Thursday, May 21st. Citigroup reaffirmed a "buy" rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Robert W. Baird upped their price target on TJX Companies from $172.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Wells Fargo & Company reiterated an "outperform" rating and issued a $160.00 price target (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. raised their price objective on TJX Companies from $173.00 to $174.00 and gave the company an "overweight" rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $176.89.

Key Stories Impacting TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Jim Cramer called TJX a “key stock” in his charitable trust, signaling continued investor confidence in the off-price retailer’s resilience. Jim Cramer on TJX: “It’s a Key Stock in the Charitable Trust”
• Positive Sentiment: Analyst commentary highlighted TJX, along with Costco and Walmart, as a blue-chip retail name that can benefit from market volatility and investors seeking quality, scale, and defensive growth. 3 Blue-Chip Retail Stocks to Trust as Volatility Favors Quality
• Positive Sentiment: Zacks also featured TJX as a trending stock, reflecting elevated investor attention and interest in the name. Here is What to Know Beyond Why The TJX Companies, Inc. (TJX) is a Trending Stock
• Neutral Sentiment: Recent coverage repeated that TJX is drawing unusual attention from market participants, but did not identify a new company-specific catalyst. TJX (TJX) Stock Sinks As Market Gains: Here's Why
• Negative Sentiment: The main drag appears to be simple relative weakness: TJX fell while the market rose, suggesting investors were rotating out of retail names despite no major negative earnings update in the latest headlines. TJX (TJX) Stock Sinks As Market Gains: Here's Why

Insider Buying and Selling

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director directly owned 802 shares of the company's stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the sale, the chief financial officer owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by corporate insiders.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women's, men's and children's apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company's business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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