The TJX Companies, Inc. (NYSE:TJX) is Griffin Asset Management Inc.’s 4th Largest Position

Griffin Asset Management Inc. trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,546 shares of the apparel and home fashions retailer’s stock after selling 2,352 shares during the period. TJX Companies accounts for 2.1% of Griffin Asset Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Griffin Asset Management Inc.’s holdings in TJX Companies were worth $17,946,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TJX. Kathmere Capital Management LLC acquired a new stake in TJX Companies during the second quarter valued at approximately $214,000. Algert Global LLC lifted its position in TJX Companies by 36.8% during the 2nd quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock worth $507,000 after buying an additional 1,240 shares in the last quarter. Creative Planning grew its stake in shares of TJX Companies by 3.9% during the second quarter. Creative Planning now owns 306,771 shares of the apparel and home fashions retailer’s stock valued at $33,775,000 after purchasing an additional 11,374 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of TJX Companies by 35.5% in the 2nd quarter. NewEdge Advisors LLC now owns 83,725 shares of the apparel and home fashions retailer’s stock valued at $9,218,000 after buying an additional 21,937 shares during the period. Finally, Sunbelt Securities Inc. increased its position in TJX Companies by 20.2% in the second quarter. Sunbelt Securities Inc. now owns 15,656 shares of the apparel and home fashions retailer’s stock worth $1,724,000 after purchasing an additional 2,634 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Evercore ISI lifted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Guggenheim increased their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.67.

TJX Companies Trading Up 1.8 %

Shares of TJX Companies stock opened at $124.89 on Tuesday. The TJX Companies, Inc. has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The stock has a 50 day moving average of $122.84 and a 200 day moving average of $117.94. The firm has a market capitalization of $140.39 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 3.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.20%. TJX Companies’s payout ratio is 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.