Cullinan Associates Inc. Reduces Position in TJX Companies Inc (TJX)

Cullinan Associates Inc. lessened its holdings in TJX Companies Inc (NYSE:TJX) by 46.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,400 shares of the apparel and home fashions retailer’s stock after selling 28,355 shares during the period. Cullinan Associates Inc.’s holdings in TJX Companies were worth $1,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lenox Wealth Advisors LLC raised its holdings in TJX Companies by 100.0% in the 4th quarter. Lenox Wealth Advisors LLC now owns 734 shares of the apparel and home fashions retailer’s stock valued at $33,000 after buying an additional 367 shares during the last quarter. Webster Bank N. A. raised its holdings in TJX Companies by 81.5% in the 4th quarter. Webster Bank N. A. now owns 2,218 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 996 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in TJX Companies in the 3rd quarter valued at approximately $107,000. Capital Guardian Trust Co. bought a new position in TJX Companies in the 3rd quarter valued at approximately $109,000. Finally, City Holding Co. acquired a new stake in TJX Companies during the 2nd quarter valued at approximately $114,000. Institutional investors and hedge funds own 44.61% of the company’s stock.

Shares of TJX stock opened at $47.46 on Friday. The company has a market cap of $58.29 billion, a PE ratio of 23.50, a P/E/G ratio of 1.74 and a beta of 0.67. TJX Companies Inc has a 52 week low of $36.41 and a 52 week high of $56.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.63.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $9.83 billion during the quarter, compared to the consensus estimate of $9.50 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. On average, sell-side analysts expect that TJX Companies Inc will post 2.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 14th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.64%. The ex-dividend date is Wednesday, February 13th. TJX Companies’s payout ratio is currently 38.61%.

A number of analysts have weighed in on TJX shares. DA Davidson started coverage on shares of TJX Companies in a research report on Tuesday, September 25th. They set a “buy” rating and a $65.00 target price for the company. Cowen set a $62.50 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, September 25th. Citigroup increased their target price on shares of TJX Companies from $55.50 to $62.50 and gave the company a “buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Finally, ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company’s stock. TJX Companies presently has a consensus rating of “Buy” and an average price target of $53.58.

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TJX Companies Company Profile

The TJX Companies, Inc 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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

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