AXQ Capital LP Has $2.46 Million Position in The TJX Companies, Inc. $TJX

Key Points

• AXQ Capital LP increased its TJX Companies stake by 590.7% in the second quarter, buying 13,893 additional shares for a total position of 16,245 shares valued at approximately $2.46 million. Institutional investors and hedge funds collectively own 91.09% of the company.
• TJX reported quarterly EPS of $1.22, exceeding analyst expectations of $1.19, while revenue rose 5.4% year over year to $15.18 billion. The company also announced a quarterly dividend of $0.48 per share, equivalent to a 1.5% annualized yield.
• The stock opened at $132.21, near its 52-week low of $130.15, amid mixed analyst sentiment; the consensus rating remains “Moderate Buy” with an average price target of $171.63.

AXQ Capital LP increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 590.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,245 shares of the apparel and home fashions retailer's stock after purchasing an additional 13,893 shares during the period. AXQ Capital LP's holdings in TJX Companies were worth $2,461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC grew its position in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after buying an additional 235 shares during the last quarter. Bison Wealth LLC lifted its position in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after buying an additional 955 shares in the last quarter. United Bank lifted its position in TJX Companies by 7.6% during the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock worth $2,013,000 after buying an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. acquired a new position in shares of TJX Companies during the 2nd quarter worth about $244,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

NYSE:TJX opened at $132.21 on Friday. The firm has a market cap of $145.43 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.37 and a beta of 0.60. The TJX Companies, Inc. has a 52 week low of $130.15 and a 52 week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The firm's 50-day simple moving average is $150.48 and its 200 day simple moving average is $155.50.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The company's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were given a $0.48 dividend. The ex-dividend date was Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. TJX Companies's payout ratio is presently 35.49%.

Insider Buying and Selling

In related news, Chairman Carol Meyrowitz sold 55,624 shares of the company's stock in a transaction 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 completion of the sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jackwyn Nemerov sold 957 shares of TJX Companies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This represents a 54.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and cut their price objective for the company from $182.00 to $154.00 in a report on Thursday, August 20th. Weiss Ratings cut shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. JPMorgan Chase & Co. lifted their price target on TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Finally, BTIG Research reiterated a "buy" rating and issued a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price of $171.63.

About TJX Companies

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.

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