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

Cullinan Associates Inc. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,046 shares of the apparel and home fashions retailer’s stock after selling 5,923 shares during the quarter. Cullinan Associates Inc.’s holdings in TJX Companies were worth $9,249,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TJX. Hengehold Capital Management LLC raised its position in shares of TJX Companies by 17.6% during the 1st quarter. Hengehold Capital Management LLC now owns 2,632 shares of the apparel and home fashions retailer’s stock worth $267,000 after purchasing an additional 394 shares during the period. Artemis Investment Management LLP increased its position in TJX Companies by 662.2% in the first quarter. Artemis Investment Management LLP now owns 32,868 shares of the apparel and home fashions retailer’s stock worth $3,332,000 after buying an additional 28,556 shares during the period. Register Financial Advisors LLC acquired a new stake in TJX Companies in the first quarter worth $37,000. Norway Savings Bank lifted its stake in TJX Companies by 2.5% in the first quarter. Norway Savings Bank now owns 11,080 shares of the apparel and home fashions retailer’s stock valued at $1,124,000 after buying an additional 275 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in shares of TJX Companies by 16.6% during the first quarter. Webster Bank N. A. now owns 3,418 shares of the apparel and home fashions retailer’s stock valued at $347,000 after acquiring an additional 486 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2 %

TJX stock traded up $0.20 during midday trading on Friday, reaching $114.40. The company had a trading volume of 269,994 shares, compared to its average volume of 5,242,072. The company has a 50 day moving average of $116.67 and a two-hundred day moving average of $109.05. The company has a market capitalization of $129.03 billion, a P/E ratio of 27.58, a PEG ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period last year, the company earned $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.31%. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TJX shares. BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. TD Cowen boosted their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, Morgan Stanley upped their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

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.