First Horizon Advisors Inc. Has $26.06 Million Position in The TJX Companies, Inc. (NYSE:TJX)

First Horizon Advisors Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 215,693 shares of the apparel and home fashions retailer’s stock after buying an additional 1,677 shares during the period. First Horizon Advisors Inc.’s holdings in TJX Companies were worth $26,058,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the fourth quarter worth about $26,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new position in TJX Companies in the third quarter worth about $30,000. Finally, Truvestments Capital LLC acquired a new position in TJX Companies in the third quarter worth about $29,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Wednesday. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company increased their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.18.

TJX Companies Price Performance

TJX opened at $121.08 on Friday. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.00. 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 company’s 50 day simple moving average is $122.86 and its 200-day simple moving average is $119.55. The stock has a market capitalization of $136.11 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.24%. TJX Companies’s payout ratio is presently 35.29%.

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.