The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,701 shares of the apparel and home fashions retailer’s stock after selling 16,345 shares during the quarter. Cullinan Associates Inc.’s holdings in TJX Companies were worth $7,696,000 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. Calamos Wealth Management LLC increased its position in TJX Companies by 0.3% in the 4th quarter. Calamos Wealth Management LLC now owns 82,655 shares of the apparel and home fashions retailer’s stock worth $9,986,000 after purchasing an additional 243 shares during the last quarter. Fourpath Capital Management LLC boosted its stake in TJX Companies by 9.4% in the 4th quarter. Fourpath Capital Management LLC now owns 3,305 shares of the apparel and home fashions retailer’s stock valued at $399,000 after buying an additional 283 shares in the last quarter. Optas LLC increased its holdings in shares of TJX Companies by 1.7% during the fourth quarter. Optas LLC now owns 6,820 shares of the apparel and home fashions retailer’s stock worth $824,000 after buying an additional 115 shares in the last quarter. GDS Wealth Management raised its holdings in shares of TJX Companies by 5.2% in the fourth quarter. GDS Wealth Management now owns 127,268 shares of the apparel and home fashions retailer’s stock valued at $15,375,000 after buying an additional 6,279 shares during the last quarter. Finally, Financial Life Planners acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $93,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 0.4 %

NYSE:TJX opened at $124.31 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $92.35 and a 52-week high of $128.00. The stock’s 50 day moving average price is $123.32 and its 200 day moving average price is $118.31. The company has a market capitalization of $139.74 billion, a PE ratio of 29.25, a P/E/G ratio of 3.05 and a beta of 0.91.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. TJX Companies’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.21%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TJX. Wells Fargo & Company upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Morgan Stanley lifted their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $131.67.

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.