Maverick Capital Ltd. Makes New $2.17 Million Investment in The TJX Companies, Inc. $TJX

Key Points

• Maverick Capital Ltd. has invested approximately $2.17 million in The TJX Companies, Inc. by purchasing 17,785 shares during the first quarter.
• Multiple institutional investors, including Vanguard Group and Ameriprise Financial, have increased their stakes in TJX, contributing to a total institutional ownership of 91.09% of the company.
• Analysts have shown a positive outlook on TJX, with a consensus target price of $147.58 and numerous ratings upgraded to "Buy" and "Outperform."

Maverick Capital Ltd. purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,785 shares of the apparel and home fashions retailer's stock, valued at approximately $2,166,000.

A number of other hedge funds have also recently made changes to their positions in TJX. Brighton Jones LLC lifted its position in shares of TJX Companies by 113.7% during 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 buying an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 12.1% during the fourth 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 shares of TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after buying an additional 955 shares during the last quarter. AlTi Global Inc. purchased a new stake in shares of TJX Companies during the fourth quarter valued at about $379,000. Finally, Ancora Advisors LLC lifted its position in shares of TJX Companies by 1.0% during the fourth quarter. Ancora Advisors LLC now owns 33,217 shares of the apparel and home fashions retailer's stock valued at $4,013,000 after buying an additional 321 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $1.72 during midday trading on Friday, reaching $139.30. 6,711,403 shares of the stock were exchanged, compared to its average volume of 5,354,377. The firm has a market cap of $155.03 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58. The firm has a 50-day simple moving average of $129.57 and a two-hundred day simple moving average of $126.26. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 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 quarter last year, the company earned $0.96 EPS. The firm's revenue for the quarter 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. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's payout ratio is presently 38.72%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Telsey Advisory Group restated an "outperform" rating and set a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Erste Group Bank began coverage on shares of TJX Companies in a report on Friday. They set a "buy" rating on the stock. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley upped their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies currently has an average rating of "Buy" and a consensus 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.