Griffin Asset Management Inc. Has $17.84 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Griffin Asset Management Inc. lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 146,439 shares of the apparel and home fashions retailer's stock after selling 2,107 shares during the period. TJX Companies accounts for approximately 2.2% of Griffin Asset Management Inc.'s holdings, making the stock its 5th largest position. Griffin Asset Management Inc.'s holdings in TJX Companies were worth $17,836,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TJX. Vanguard Group Inc. raised its position in shares of TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after buying an additional 578,948 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after buying an additional 464,995 shares during the last quarter. Capital International Investors grew its stake in shares of TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after buying an additional 626,739 shares during the last quarter. Northern Trust Corp grew its stake in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TJX Companies in the fourth quarter worth $1,670,565,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX stock traded down $0.71 during trading hours on Friday, hitting $123.75. 3,786,474 shares of the company were exchanged, compared to its average volume of 5,206,524. The firm has a fifty day simple moving average of $127.91 and a 200 day simple moving average of $124.20. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The stock has a market capitalization of $138.25 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the business posted $0.93 EPS. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts predict 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, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies's dividend payout ratio is 40.00%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TJX. Barclays restated an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Robert W. Baird upped their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. TD Securities upped their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, UBS Group reaffirmed a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

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.