Sutton Place Investors LLC Invests $609,000 in The TJX Companies, Inc. $TJX

Key Points

• Sutton Place Investors LLC has invested approximately $609,000 in The TJX Companies, Inc. by purchasing 4,928 shares, as disclosed in their recent SEC filing.
• Analysts show a positive outlook for TJX, with banks like Evercore ISI and Bank of America raising their target prices significantly, indicating strong Buy ratings and a consensus price target of $147.58.
• The company reported earnings of $1.10 per share for the last quarter, exceeding analysts' estimates, and announced a quarterly dividend of $0.425 per share, highlighting its financial stability.

Sutton Place Investors LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,928 shares of the apparel and home fashions retailer's stock, valued at approximately $609,000.

Other hedge funds also recently modified their holdings of the company. TCTC Holdings LLC increased its stake in shares of TJX Companies by 210.1% during 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 last quarter. Atlantic Edge Private Wealth Management LLC grew its stake 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 valued at $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC grew its stake 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 valued at $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in TJX Companies in the 1st quarter valued at $37,000. Finally, Activest Wealth Management grew its stake 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 valued at $39,000 after buying an additional 314 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research analyst reports. Erste Group Bank initiated coverage on shares of TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating on the stock. Evercore ISI raised their target price on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Bank of America raised their target price on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, Barclays increased their price target on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $141.30 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The firm has a fifty day moving average price of $136.51 and a two-hundred day moving average price of $129.38. The company has a market cap of $157.26 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92.

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, beating analysts' consensus estimates of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business's revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend payout ratio (DPR) is presently 38.72%.

TJX Companies Profile

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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