Saranac Partners Ltd Purchases New Holdings in The TJX Companies, Inc. $TJX

Key Points

• Saranac Partners Ltd. purchased 57,765 TJX shares worth approximately $8.75 million, making TJX about 2.6% of its portfolio. Institutional investors collectively own 91.09% of the company.
• TJX exceeded quarterly expectations with $15.18 billion in revenue and adjusted EPS of $1.22, while comparable-store sales rose 4%. Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations.
• Despite the earnings beat, weak performance at the U.S. Marmaxx division and below-consensus third-quarter guidance prompted some analyst downgrades. TJX retains a “Moderate Buy” consensus rating, with an average price target of $173.89 versus a share price of $140.58.

Saranac Partners Ltd purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 57,765 shares of the apparel and home fashions retailer's stock, valued at approximately $8,749,000. TJX Companies makes up about 2.6% of Saranac Partners Ltd's portfolio, making the stock its 12th largest position.

Other hedge funds also recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock valued at $25,000 after purchasing an additional 89 shares during the period. Entrust Financial LLC bought a new position in TJX Companies in the fourth quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new stake in TJX Companies during the fourth quarter worth $26,000. Joseph Group Capital Management acquired a new stake in TJX Companies during the fourth quarter worth $27,000. Finally, IMG Wealth Management Inc. increased its holdings in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock valued at $27,000 after buying an additional 69 shares during the period. Institutional investors own 91.09% of the company's stock.

Trending Headlines about TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX reported revenue of $15.18 billion and adjusted EPS of $1.22, surpassing consensus estimates of $15.16 billion and $1.19, respectively. Comparable-store sales increased 4%, while adjusted earnings rose 11% year over year. TJX beats Q2 expectations despite self-inflicted apparel slump
• Positive Sentiment: Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations, supporting the company’s longer-term growth outlook. TJX outlines 7,500-store target while raising FY2027 EPS
• Positive Sentiment: Winners, Marshalls and HomeSense are reportedly gaining significant market share in Canada, while HomeGoods and international operations also provided important sources of strength. TJX says Canadian banners are gaining market share
• Neutral Sentiment: Some analysts view the post-earnings sell-off as a buying opportunity, with BTIG reaffirming a Buy rating and a $190 price target; UBS characterized the Marmaxx weakness as potentially isolated. A rare stumble at TJX has Wall Street spooked
• Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls in the United States, delivered a disappointing comparable-sales performance. Management blamed merchandising and apparel-mix mistakes, but analysts also cited tougher off-price competition and consumer resistance to price increases. TJX blames merchandising missteps for rare US miss
• Negative Sentiment: Fiscal third-quarter guidance fell short of expectations, increasing concerns about near-term margin pressure and execution. Citi downgraded TJX to Neutral, while Wells Fargo cut its price target to $140 and assigned an Equal Weight rating. TJX Q2 beat but Marmaxx lags and Q3 guidance falls short

Analyst Ratings Changes

A number of brokerages have recently issued reports on TJX. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an "overweight" rating in a research note on Monday, May 18th. Wells Fargo & Company dropped their price target on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company in a research report on Thursday. Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and cut their price target for the stock from $182.00 to $154.00 in a research note on Thursday. Evercore reaffirmed an "outperform" rating and set a $173.00 price objective on shares of TJX Companies in a report on Thursday. Finally, Wall Street Zen cut TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $173.89.

Insider Buying and Selling

In other TJX Companies news, CFO John Klinger sold 6,235 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total value of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares of the company's stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Carol Meyrowitz sold 55,624 shares of the firm's stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This trade represents a 21.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company's stock.

TJX Companies Price Performance

Shares of TJX stock opened at $140.58 on Monday. The firm has a market cap of $155.30 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.71 and a beta of 0.62. The TJX Companies, Inc. has a 12 month low of $134.74 and a 12 month high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $155.63 and a 200 day moving average price of $156.68.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies's payout ratio is currently 35.49%.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women's, men's and children's apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company's business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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