The TJX Companies, Inc. $TJX Holdings Cut by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its holdings in The TJX Companies by 31.1% during the first quarter, selling 330,400 shares, leaving them with 733,648 shares valued at $89.36 million.
• Other hedge funds have increased their positions in TJX, with Shell Asset Management Co. raising its holdings by 16.5% and Ethic Inc. by 21.1% during the fourth quarter.
• The TJX Companies reported $1.10 EPS for its most recent quarter, exceeding analysts' expectations, with total revenue of $14.40 billion, reflecting a 6.9% year-over-year growth.

Adage Capital Partners GP L.L.C. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 733,648 shares of the apparel and home fashions retailer's stock after selling 330,400 shares during the period. Adage Capital Partners GP L.L.C. owned 0.07% of TJX Companies worth $89,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. raised its holdings in shares of TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after buying an additional 4,128 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after buying an additional 67,853 shares during the last quarter. Ethic Inc. raised its holdings in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after buying an additional 29,158 shares during the last quarter. Fiduciary Trust Co raised its holdings in shares of TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after buying an additional 144,113 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its holdings in shares of TJX Companies by 2.2% during the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after buying an additional 8,319 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE TJX opened at $138.35 on Wednesday. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. 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 firm has a market capitalization of $154.55 billion, a PE ratio of 31.51, a P/E/G ratio of 3.07 and a beta of 0.90. The company's 50 day simple moving average is $128.86 and its 200 day simple moving average is $126.06.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. 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, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's payout ratio is 38.72%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI lifted their price target on TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Sanford C. Bernstein raised their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. TD Securities raised their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Company 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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