Lecap Asset Management Ltd. Increases Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Lecap Asset Management Ltd. increased its stake in The TJX Companies by 178.1% during Q2, now holding 16,119 shares valued at approximately $1,991,000.
• The apparel and home fashions retailer reported Q2 earnings of $1.10 EPS, surpassing expectations, with revenue of $14.40 billion, a 6.9% increase year-over-year.
• TJX Companies announced a quarterly dividend of $0.425 per share to be paid on December 4th, with a payout ratio of 38.72%.

Lecap Asset Management Ltd. boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 178.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,119 shares of the apparel and home fashions retailer's stock after purchasing an additional 10,323 shares during the quarter. TJX Companies comprises approximately 0.7% of Lecap Asset Management Ltd.'s portfolio, making the stock its 28th biggest holding. Lecap Asset Management Ltd.'s holdings in TJX Companies were worth $1,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TCTC Holdings LLC raised its stake in TJX Companies by 210.1% in the first 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 in the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake 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 valued at $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of 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 worth $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management lifted its holdings in shares of TJX Companies by 4,485.7% in the 1st 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 last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.0%

NYSE:TJX opened at $144.49 on Thursday. The company has a fifty day moving average of $135.88 and a 200 day moving average of $128.93. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $160.80 billion, a P/E ratio of 32.91, a P/E/G ratio of 3.25 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $14.40 billion for 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. 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, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TJX shares. Morgan Stanley boosted their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Daiwa Capital Markets started coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective for the company. Finally, Robert W. Baird boosted their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $147.58.

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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