Sandler Capital Management Lowers Position in The TJX Companies, Inc. $TJX

Key Points

• Sandler Capital Management reduced its stake in The TJX Companies, Inc. by 63.0% during the first quarter, now holding 13,838 shares valued at approximately $1.685 million.
• Analysts have a generally positive outlook on TJX, with multiple firms raising their price targets and assigning a consensus rating of "Buy".
• The company reported Q2 earnings of $1.10 per share, exceeding estimates and a year-over-year revenue increase of 6.9%, totaling $14.40 billion.

Sandler Capital Management trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 63.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,838 shares of the apparel and home fashions retailer's stock after selling 23,601 shares during the quarter. Sandler Capital Management's holdings in TJX Companies were worth $1,685,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TJX. TCTC Holdings LLC lifted its position in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in shares of TJX Companies by 58.8% during 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 buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position 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 valued at $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the first quarter valued at about $37,000. Finally, Activest Wealth Management lifted its position in shares of TJX Companies by 4,485.7% during the first 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 during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. UBS Group increased their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Erste Group Bank initiated coverage on shares of TJX Companies in a research report on Friday. They issued a "buy" rating for the company. Citigroup increased their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Sanford C. Bernstein increased their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, Evercore ISI increased 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. One research 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 company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $139.30 on Friday. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58. The company's 50 day moving average is $129.89 and its 200 day moving average is $126.37. 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 company has a market cap of $155.03 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping 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 company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the company earned $0.96 EPS. TJX Companies'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. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 14th. TJX Companies's dividend payout ratio is 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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