The TJX Companies, Inc. $TJX Shares Acquired by Alta Capital Management LLC

Key Points

• Alta Capital Management LLC increased its holdings in The TJX Companies by 3.2% during Q2, owning 436,622 shares worth approximately $53.9 million.
• The company's stock has received multiple positive ratings from brokerages, with a consensus rating of "Buy" and a target price averaging $148.50.
• TJX Companies recently reported earnings of $1.10 per share for the quarter, exceeding estimates and reflecting a 6.9% increase in revenue year-over-year.

Alta Capital Management LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436,622 shares of the apparel and home fashions retailer's stock after acquiring an additional 13,564 shares during the quarter. TJX Companies makes up about 3.1% of Alta Capital Management LLC's holdings, making the stock its 12th biggest position. Alta Capital Management LLC's holdings in TJX Companies were worth $53,918,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TJX. TCTC Holdings LLC increased its stake 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 valued at $26,000 after buying an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC increased 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 period. Iron Horse Wealth Management LLC increased 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 period. Inlight Wealth Management LLC acquired a new position in TJX Companies in the 1st quarter valued at $37,000. Finally, Activest Wealth Management increased 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 period. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TJX. 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 note on Thursday, August 21st. Macquarie restated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Erste Group Bank assumed coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating on the stock. Citigroup boosted their target price on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, Morgan Stanley boosted their target price on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and a consensus price target of $148.50.

TJX Companies Price Performance

TJX Companies stock opened at $145.00 on Thursday. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm's 50-day simple moving average is $138.88 and its 200 day simple moving average is $130.60. The firm has a market capitalization of $161.38 billion, a PE ratio of 33.03, a P/E/G ratio of 3.20 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS 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 business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. 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, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS 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. Shareholders of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's dividend payout ratio is 38.72%.

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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