Griffin Asset Management Inc. Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Griffin Asset Management Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,898 shares of the apparel and home fashions retailer’s stock after selling 3,604 shares during the quarter. TJX Companies accounts for 2.0% of Griffin Asset Management Inc.’s holdings, making the stock its 4th biggest position. Griffin Asset Management Inc.’s holdings in TJX Companies were worth $17,737,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Integrated Advisors Network LLC boosted its stake in TJX Companies by 3.9% in the 4th quarter. Integrated Advisors Network LLC now owns 5,361 shares of the apparel and home fashions retailer’s stock worth $503,000 after purchasing an additional 200 shares during the period. Fisher Asset Management LLC boosted its position in shares of TJX Companies by 18.1% during the fourth quarter. Fisher Asset Management LLC now owns 5,400 shares of the apparel and home fashions retailer’s stock worth $507,000 after buying an additional 827 shares during the period. Nomura Holdings Inc. bought a new position in shares of TJX Companies during the fourth quarter worth about $4,952,000. Trust Co. of Toledo NA OH raised its position in TJX Companies by 14.5% in the 1st quarter. Trust Co. of Toledo NA OH now owns 12,188 shares of the apparel and home fashions retailer’s stock valued at $1,236,000 after buying an additional 1,543 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its stake in TJX Companies by 1.4% in the 1st quarter. Moody National Bank Trust Division now owns 14,090 shares of the apparel and home fashions retailer’s stock valued at $1,429,000 after acquiring an additional 197 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Loop Capital raised their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group lifted their price target 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. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. BMO Capital Markets lifted their target price on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Price Performance

Shares of TJX opened at $116.76 on Wednesday. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The firm has a market capitalization of $131.69 billion, a PE ratio of 28.20, a PEG ratio of 2.91 and a beta of 0.89. The company’s 50-day moving average is $115.92 and its 200-day moving average is $108.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

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.