Alkeon Capital Management LLC Decreases Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Alkeon Capital Management LLC reduced its stake in The TJX Companies by 12.7%, selling 501,930 shares, which now constitutes about 0.9% of its total holdings.
• The TJX Companies reported a better-than-expected quarterly earnings with an EPS of $1.10, surpassing analysts' estimates of $1.01, and achieving revenue of $14.40 billion.
• Bank of America raised its price target on TJX shares from $145 to $150, maintaining a "buy" rating, reflecting optimism among analysts for the stock.

Alkeon Capital Management LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,449,971 shares of the apparel and home fashions retailer's stock after selling 501,930 shares during the quarter. TJX Companies accounts for 0.9% of Alkeon Capital Management LLC's portfolio, making the stock its 17th largest position. Alkeon Capital Management LLC owned approximately 0.31% of TJX Companies worth $420,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TJX. TCTC Holdings LLC increased its stake in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management grew its position in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after buying an additional 314 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TJX. Evercore ISI upped their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Citigroup upped their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Robert W. Baird upped their target price on TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Performance

TJX stock traded down $1.72 during mid-day trading on Friday, hitting $139.30. The company had a trading volume of 6,735,796 shares, compared to its average volume of 5,233,997. The firm has a market cap of $155.03 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The stock's fifty day moving average price is $129.57 and its two-hundred day moving average price is $126.26. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 14th. TJX Companies's payout ratio is presently 38.72%.

TJX Companies 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.