Cullinan Associates Inc. Raises Position in The TJX Companies, Inc. (NYSE:TJX)

Cullinan Associates Inc. increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,961 shares of the apparel and home fashions retailer's stock after buying an additional 11,260 shares during the period. Cullinan Associates Inc.'s holdings in TJX Companies were worth $9,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Millstone Evans Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $30,000. Promus Capital LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $32,000. Inlight Wealth Management LLC purchased a new stake in TJX Companies during the first quarter valued at about $37,000. Tacita Capital Inc purchased a new stake in TJX Companies during the fourth quarter valued at about $38,000. Finally, Rialto Wealth Management LLC raised its position in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 0.7%

Shares of NYSE:TJX traded up $0.81 on Friday, reaching $123.35. 6,729,044 shares of the company traded hands, compared to its average volume of 5,187,178. The business's 50-day simple moving average is $127.66 and its 200 day simple moving average is $124.10. 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 $137.80 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last posted its 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. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.38%. TJX Companies's payout ratio is presently 40.00%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, 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 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 owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TJX. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Robert W. Baird raised their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. UBS Group restated a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Company Profile

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.