Cullinan Associates Inc. Has $6.79 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Cullinan Associates Inc. reduced its stake in The TJX Companies by 26.6%, now holding 54,986 shares worth approximately $6.79 million.
• During Q2, TJX Companies reported an EPS of $1.10, exceeding analysts' expectations of $1.01, and showing a 6.9% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.425, translating to an annualized yield of 1.2%, with the payment scheduled for December 4th.

Cullinan Associates Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 26.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,986 shares of the apparel and home fashions retailer's stock after selling 19,975 shares during the quarter. Cullinan Associates Inc.'s holdings in TJX Companies were worth $6,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Vanguard Group Inc. increased its position in TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after buying an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. grew its stake in TJX Companies by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock valued at $1,591,758,000 after acquiring an additional 35,800 shares during the period. Amundi raised its position in shares of TJX Companies by 10.2% during the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares during the period. Nuveen LLC bought a new position in shares of TJX Companies in the 1st quarter worth $1,330,717,000. Finally, Invesco Ltd. grew its position in TJX Companies by 2.8% in the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock valued at $1,096,273,000 after purchasing an additional 247,579 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

TJX Companies stock opened at $141.30 on Monday. The stock has a market cap of $157.26 billion, a P/E ratio of 32.19, a P/E/G ratio of 3.18 and a beta of 0.92. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company's 50 day moving average price is $136.51 and its two-hundred day moving average price is $129.47. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the business posted $0.96 earnings per share. TJX Companies's revenue was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's payout ratio is 38.72%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America upped their target price on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a "buy (b+)" rating on shares of TJX Companies in a research note on Saturday, September 27th. Finally, Wells Fargo & Company increased their price objective on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies 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.

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