Griffin Asset Management Inc. Has $21.77 Million Stake in The TJX Companies, Inc. $TJX

Griffin Asset Management Inc. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,306 shares of the apparel and home fashions retailer’s stock after selling 10,080 shares during the quarter. TJX Companies accounts for approximately 2.5% of Griffin Asset Management Inc.’s portfolio, making the stock its 4th largest position. Griffin Asset Management Inc.’s holdings in TJX Companies were worth $21,768,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC raised its position in shares of TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after buying an additional 955 shares in the last quarter. United Bank lifted its holdings in shares of TJX Companies by 7.6% during the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Schnieders Capital Management LLC. bought a new stake in shares of TJX Companies during the 2nd quarter worth $244,000. 91.09% of the stock is currently owned by institutional investors.

Key TJX Companies News

Here are the key news stories impacting TJX Companies this week:

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 10,002 shares of TJX Companies stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the transaction, the chief executive officer directly owned 514,848 shares of the company’s stock, valued at $82,725,776.64. The trade was a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by insiders.

TJX Companies Price Performance

TJX stock opened at $150.52 on Friday. The firm has a market cap of $166.28 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.31 and a beta of 0.63. The firm’s fifty day moving average is $156.91 and its 200 day moving average is $156.72. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJXGet Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Research analysts predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s payout ratio is 37.28%.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research analyst reports. Barclays reissued an “overweight” rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research lifted their price target on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Telsey Advisory Group upped their price objective on TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Wells Fargo & Company reiterated an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Robert W. Baird raised their price objective on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $176.89.

Check Out Our Latest Report on TJX

TJX Companies Profile

(Free Report)

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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