Cullinan Associates Inc. Sells 83,457 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cullinan Associates Inc. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 62.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,275 shares of the apparel and home fashions retailer’s stock after selling 83,457 shares during the period. Cullinan Associates Inc.’s holdings in TJX Companies were worth $4,997,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $27,000. Anchor Investment Management LLC bought a new stake in TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. AlphaMark Advisors LLC grew its holdings in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new position in shares of TJX Companies in the first quarter worth $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock valued at $5,060,941 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TJX. TD Cowen increased their price target on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday, May 21st. BMO Capital Markets increased their price objective on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Telsey Advisory Group boosted their target price on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Finally, Sanford C. Bernstein raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $110.39.

TJX Companies Stock Performance

NYSE TJX traded up $0.01 during trading hours on Tuesday, hitting $110.59. The company’s stock had a trading volume of 1,276,540 shares, compared to its average volume of 5,531,936. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The company has a market cap of $124.98 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company’s 50 day simple moving average is $102.48 and its two-hundred day simple moving average is $98.30. The TJX Companies, Inc. has a 12 month low of $82.25 and a 12 month high of $111.79.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

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.