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


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Cullinan Associates Inc. cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 153,700 shares of the apparel and home fashions retailer’s stock after selling 3,600 shares during the period. Cullinan Associates Inc.’s holdings in The TJX Companies were worth $10,167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carlson Capital Management boosted its stake in The TJX Companies by 1.8% during the 4th quarter. Carlson Capital Management now owns 8,980 shares of the apparel and home fashions retailer’s stock valued at $631,000 after purchasing an additional 156 shares during the period. Flagship Harbor Advisors LLC lifted its stake in The TJX Companies by 1.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 12,216 shares of the apparel and home fashions retailer’s stock valued at $834,000 after purchasing an additional 160 shares during the last quarter. Arbor Trust Wealth Advisors LLC lifted its stake in The TJX Companies by 0.7% during the fourth quarter. Arbor Trust Wealth Advisors LLC now owns 24,002 shares of the apparel and home fashions retailer’s stock valued at $1,639,000 after purchasing an additional 160 shares during the last quarter. Burns J W & Co. Inc. NY lifted its stake in The TJX Companies by 1.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 16,055 shares of the apparel and home fashions retailer’s stock valued at $1,096,000 after purchasing an additional 170 shares during the last quarter. Finally, Trustcore Financial Services LLC lifted its stake in The TJX Companies by 8.6% during the fourth quarter. Trustcore Financial Services LLC now owns 2,151 shares of the apparel and home fashions retailer’s stock valued at $147,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

In other news, EVP Richard Sherr sold 40,253 shares of the firm’s stock in a transaction dated Tuesday, April 13th. The shares were sold at an average price of $68.84, for a total value of $2,771,016.52. Following the transaction, the executive vice president now owns 97,491 shares of the company’s stock, valued at approximately $6,711,280.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $66.78, for a total transaction of $100,170.00. Following the completion of the transaction, the director now directly owns 28,311 shares in the company, valued at approximately $1,890,608.58. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

TJX has been the topic of a number of recent analyst reports. Guggenheim boosted their price target on shares of The TJX Companies from $70.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, December 30th. Zacks Investment Research lowered shares of The TJX Companies from a “hold” rating to a “sell” rating and set a $73.00 price objective on the stock. in a research note on Thursday, February 25th. William Blair reissued an “outperform” rating on shares of The TJX Companies in a research report on Wednesday, March 24th. Wells Fargo & Company decreased their target price on shares of The TJX Companies from $84.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, March 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of The TJX Companies from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, January 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.20.

Shares of The TJX Companies stock traded up $0.79 during mid-day trading on Thursday, reaching $69.27. 56,261 shares of the stock were exchanged, compared to its average volume of 6,612,289. The company has a market cap of $83.54 billion, a price-to-earnings ratio of 114.14, a price-to-earnings-growth ratio of 14.77 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 0.98. The firm has a 50-day simple moving average of $66.73 and a 200 day simple moving average of $64.37. The TJX Companies, Inc. has a fifty-two week low of $42.52 and a fifty-two week high of $71.06.

The TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.12). The company had revenue of $10.94 billion during the quarter, compared to analyst estimates of $11.42 billion. The TJX Companies had a net margin of 2.24% and a return on equity of 14.34%. During the same quarter in the previous year, the business posted $0.81 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 0.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 3rd. Shareholders of record on Thursday, May 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, May 12th. The TJX Companies’s payout ratio is presently 38.95%.

The TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for The TJX Companies (NYSE:TJX)

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