Cullinan Associates Inc. Has $8.19 Million Stake in The TJX Companies, Inc. $TJX

Cullinan Associates Inc. reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,281 shares of the apparel and home fashions retailer’s stock after selling 3,656 shares during the quarter. Cullinan Associates Inc.’s holdings in TJX Companies were worth $8,190,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its stake in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC bought a new position in TJX Companies in the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $26,000. Joseph Group Capital Management acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. increased its position in shares of TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Evercore reiterated an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a report on Thursday, May 21st. Weiss Ratings upgraded TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, July 6th. Finally, Barclays reaffirmed an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $176.89.

TJX Companies Stock Up 0.3%

TJX traded up $0.40 during trading hours on Friday, hitting $151.30. 4,168,337 shares of the company’s stock were exchanged, compared to its average volume of 5,629,683. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $170.00. The stock’s 50-day moving average is $156.82 and its two-hundred day moving average is $156.68. The stock has a market cap of $167.14 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 3.28 and a beta of 0.63.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 13th. TJX Companies’s payout ratio is currently 37.28%.

Insider Transactions at TJX Companies

In other news, Chairman Carol Meyrowitz sold 55,624 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Klinger sold 6,235 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the sale, the chief financial officer owned 64,257 shares of the company’s stock, valued at $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 over the last three months. Company insiders own 0.15% of the company’s stock.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.