Magnetar Financial LLC Grows Position in The TJX Companies, Inc. $TJX

Key Points

• Magnetar Financial LLC increased its stake in The TJX Companies, Inc. by 14% during Q1, owning a total of 26,981 shares valued at approximately $3.29 million.
• Multiple hedge funds, including the Canada Pension Plan Investment Board, significantly raised their positions in TJX, with the latter growing its holdings by 293.9% during the same quarter.
• The TJX Companies recently announced a quarterly dividend of $0.425 per share, reflecting a 1.2% yield, and plans to post an EPS guidance of 4.520-4.570 for FY 2026.

Magnetar Financial LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,981 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,315 shares during the quarter. Magnetar Financial LLC's holdings in TJX Companies were worth $3,286,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC increased its position 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 worth $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position 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 during the last quarter. Iron Horse Wealth Management LLC increased its position in 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 worth $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in TJX Companies in the first quarter worth $37,000. Finally, Rialto Wealth Management LLC increased its position in TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TJX has been the topic of a number of analyst reports. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Evercore ISI boosted their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, 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 research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, TJX Companies presently has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Trading Down 0.4%

Shares of NYSE TJX traded down $0.49 during mid-day trading on Monday, reaching $136.63. The company had a trading volume of 4,116,829 shares, compared to its average volume of 5,570,308. The business's 50-day moving average is $128.58 and its 200-day moving average is $125.97. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock has a market cap of $152.63 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58.

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

TJX Companies Announces Dividend

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

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.