J. Safra Sarasin Holding AG Buys 24,793 Shares of The TJX Companies, Inc. $TJX

Key Points

• J. Safra Sarasin Holding AG increased its stake in The TJX Companies, Inc. by 138.0%, acquiring 24,793 shares to reach a total of 42,762 shares valued at approximately $5.28 million.
• Research analysts have given TJX Companies an average rating of "Buy" with a price target increase, now averaging $147.58, indicating positive sentiment around the stock's performance.
• TJX recently declared a quarterly dividend of $0.425 per share, with an annualized yield of 1.2%, reflecting a payout ratio of 38.72%.

J. Safra Sarasin Holding AG raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 138.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,762 shares of the apparel and home fashions retailer's stock after acquiring an additional 24,793 shares during the quarter. J. Safra Sarasin Holding AG's holdings in TJX Companies were worth $5,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TJX. TCTC Holdings LLC lifted its stake in shares of 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 purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in TJX Companies by 58.8% in 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 purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in TJX Companies by 99.3% during 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 buying an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new position in TJX Companies during the first quarter valued at $37,000. Finally, Activest Wealth Management boosted its holdings in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $155.00 price target (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Sanford C. Bernstein upped their price target on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Erste Group Bank assumed coverage on TJX Companies in a research report on Friday, September 5th. They set a "buy" rating for the company. Evercore ISI boosted their target price on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, Robert W. Baird raised their price target on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Performance

Shares of TJX opened at $142.56 on Friday. The company has a market cap of $158.66 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 3.25 and a beta of 0.92. The business's fifty day simple moving average is $136.21 and its two-hundred day simple moving average is $129.12. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) 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 period in the prior year, the company posted $0.96 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's payout ratio is currently 38.72%.

About TJX Companies

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.

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