The TJX Companies, Inc. (NYSE:TJX) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,016 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,084 shares during the period. First Horizon Advisors Inc.’s holdings in TJX Companies were worth $25,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the 3rd quarter worth approximately $30,000. New Millennium Group LLC acquired a new stake in TJX Companies in the 2nd quarter worth approximately $34,000. Finally, Anfield Capital Management LLC acquired a new stake in TJX Companies in the 2nd quarter worth approximately $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TJX. UBS Group lifted their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 13th. Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Price Performance

Shares of NYSE TJX opened at $119.57 on Wednesday. The firm has a market cap of $134.86 billion, a PE ratio of 28.88, a PEG ratio of 3.03 and a beta of 0.89. The firm has a fifty day moving average of $116.42 and a 200 day moving average of $112.04. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

TJX Companies Profile

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.