Alyeska Investment Group L.P. Takes $579,000 Position in The TJX Companies, Inc. $TJX

Key Points

• Alyeska Investment Group L.P. acquired a new stake of 4,754 shares in The TJX Companies, Inc., valued at approximately $579,000.
• Recent research reports show a strong consensus on TJX Companies, with 21 buy ratings and a target price increase from various analysts, now averaging around $147.58.
• TJX Companies reported a 6.9% increase in revenue year-over-year for the last quarter, exceeding consensus estimates with earnings per share of $1.10.

Alyeska Investment Group L.P. acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,754 shares of the apparel and home fashions retailer's stock, valued at approximately $579,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC lifted its holdings in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of TJX Companies by 58.8% during the first 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 in the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the first quarter valued at about $37,000. Finally, Activest Wealth Management increased 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 acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Robert W. Baird lifted their price target on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. UBS Group raised their price objective on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Price Performance

NYSE:TJX traded down $0.89 during mid-day trading on Tuesday, reaching $139.95. The stock had a trading volume of 3,451,632 shares, compared to its average volume of 5,414,171. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The stock has a market capitalization of $155.76 billion, a PE ratio of 31.88, a P/E/G ratio of 3.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The stock has a 50-day simple moving average of $130.53 and a two-hundred day simple moving average of $126.65.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business posted $0.96 EPS. The company's revenue was up 6.9% compared to the same quarter last year. 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, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

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.