Cullen Investment Group LTD. Purchases 582 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cullen Investment Group LTD. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,571 shares of the apparel and home fashions retailer’s stock after buying an additional 582 shares during the quarter. Cullen Investment Group LTD.’s holdings in TJX Companies were worth $2,848,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares during the period. Capital Wealth Planning LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $315,698,000. International Assets Investment Management LLC lifted its holdings in TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock worth $140,008,000 after purchasing an additional 1,182,272 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock worth $210,003,000 after purchasing an additional 1,102,912 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in TJX Companies by 281.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after buying an additional 911,351 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $119.96 on Tuesday. The stock has a 50-day moving average of $122.21 and a 200 day moving average of $117.27. The TJX Companies, Inc. has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a market capitalization of $134.85 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 3.07 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s payout ratio is 35.29%.

Analysts Set New Price Targets

A number of research firms have recently commented on TJX. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Friday, December 6th. Wells Fargo & Company increased their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.33.

TJX Companies Company 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.