Sunpointe LLC Raises Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Sunpointe LLC increased its stake in The TJX Companies by 32.1% during the second quarter, bringing its holdings to 8,692 shares valued at approximately $1,073,000.
• Several institutional investors have also significantly increased their investments in TJX, with Activest Wealth Management raising its stake by an astonishing 4,485.7% in the first quarter.
• The TJX Companies reported earnings of $1.10 EPS for the last quarter, surpassing expectations, and announced a revenue increase of 6.9% year-over-year, amounting to $14.40 billion.

Sunpointe LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 32.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,692 shares of the apparel and home fashions retailer's stock after buying an additional 2,113 shares during the quarter. Sunpointe LLC's holdings in TJX Companies were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. TCTC Holdings LLC raised its position in TJX Companies by 210.1% in the 1st 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 period. Atlantic Edge Private Wealth Management LLC raised its position in TJX Companies by 58.8% in the 1st 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 period. Iron Horse Wealth Management LLC raised its position in TJX Companies by 99.3% in the 1st 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 period. Inlight Wealth Management LLC purchased a new position in TJX Companies in the 1st quarter worth $37,000. Finally, Activest Wealth Management raised its position in TJX Companies by 4,485.7% in the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group lifted their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Morgan Stanley boosted their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Bank of America boosted their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Robert W. Baird boosted their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Trading Down 0.2%

TJX stock traded down $0.32 during trading on Friday, hitting $139.61. The company had a trading volume of 7,503,417 shares, compared to its average volume of 4,569,886. The firm has a market capitalization of $155.38 billion, a P/E ratio of 31.80, a PEG ratio of 3.14 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. The company has a 50 day simple moving average of $132.91 and a 200-day simple moving average of $127.58. 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 issued its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. 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, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's 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.