Quarry LP Makes New Investment in The TJX Companies, Inc. $TJX

Key Points

• Quarry LP acquired 4,560 shares of The TJX Companies, valued at approximately $555,000, as indicated in its recent SEC filing.
• Several institutional investors have increased their stakes in TJX, with Shell Asset Management Co. raising their position by 16.5% during the 4th quarter.
• The TJX Companies reported $1.10 earnings per share for the last quarter, exceeding analysts' estimates, with a year-over-year revenue increase of 6.9%.

Quarry LP purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,560 shares of the apparel and home fashions retailer's stock, valued at approximately $555,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Saudi Central Bank bought a new position in shares of TJX Companies during the 1st quarter valued at $54,000. Baird Financial Group Inc. raised its holdings in shares of TJX Companies by 3.1% during the 1st quarter. Baird Financial Group Inc. now owns 3,741,794 shares of the apparel and home fashions retailer's stock valued at $455,751,000 after purchasing an additional 112,236 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of TJX Companies by 5.2% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,677 shares of the apparel and home fashions retailer's stock valued at $691,000 after purchasing an additional 279 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of TJX Companies by 21.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,333,186 shares of the apparel and home fashions retailer's stock valued at $162,382,000 after purchasing an additional 238,689 shares in the last quarter. Finally, Activest Wealth Management raised 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 purchasing an additional 314 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TJX shares. Daiwa Capital Markets started coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Robert W. Baird raised their price target on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Citigroup raised their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, Barclays raised their price target on shares of TJX Companies from $147.00 to $155.00 and gave the stock 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-one have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Price Performance

TJX stock traded down $1.75 during trading on Friday, hitting $139.27. 2,884,248 shares of the stock traded hands, compared to its average volume of 5,330,883. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The stock has a market cap of $155.00 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a 50 day simple moving average of $129.57 and a 200 day simple moving average of $126.26. 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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the firm posted $0.96 EPS. The firm'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. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, August 14th. 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.