Cullinan Associates Inc. increased its holdings in TJX Companies Inc (NYSE:TJX) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,780 shares of the apparel and home fashions retailer’s stock after purchasing an additional 13,700 shares during the quarter. Cullinan Associates Inc.’s holdings in TJX Companies were worth $4,647,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Fort Pitt Capital Group LLC grew its stake in shares of TJX Companies by 0.5% in the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after purchasing an additional 17 shares during the last quarter. FTB Advisors Inc. boosted its position in TJX Companies by 1.6% during the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after acquiring an additional 36 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its position in TJX Companies by 1.2% during the second quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock valued at $296,000 after acquiring an additional 50 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in TJX Companies by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 15,202 shares of the apparel and home fashions retailer’s stock valued at $1,097,000 after acquiring an additional 63 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its position in TJX Companies by 2.8% during the second quarter. Hunter Associates Investment Management LLC now owns 3,700 shares of the apparel and home fashions retailer’s stock valued at $267,000 after acquiring an additional 100 shares during the last quarter. 90.40% of the stock is currently owned by institutional investors.

A number of analysts have commented on TJX shares. Wells Fargo & Co set a $76.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. Nomura cut their price target on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Buckingham Research cut their price target on shares of TJX Companies from $85.00 to $82.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Goldman Sachs Group set a $79.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. TJX Companies presently has an average rating of “Buy” and an average target price of $82.55.

TJX Companies Inc (NYSE:TJX) opened at $76.58 on Thursday. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The firm has a market cap of $48,730.00, a PE ratio of 20.70, a PEG ratio of 1.88 and a beta of 0.75. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. sell-side analysts forecast that TJX Companies Inc will post 3.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.63%. TJX Companies’s dividend payout ratio is currently 33.78%.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2018/01/18/cullinan-associates-inc-has-4-65-million-position-in-tjx-companies-inc-tjx.html.

About TJX Companies

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.