Soros Capital Management LLC Sells 61,360 Shares of The TJX Companies, Inc. $TJX

Key Points

• Soros Capital Management LLC significantly reduced its stake in The TJX Companies, Inc. by 71.3%, owning 24,639 shares after selling 61,360 shares in the first quarter, valued at approximately $3 million.
• Major investors such as Vanguard Group Inc. and Northern Trust Corp. have increased their holdings in TJX, with Vanguard now owning over 100 million shares valued at around $12.2 billion.
• Analysts are optimistic about TJX's future, with a majority rating the stock as a "Buy" and raising price targets, including Citigroup's increase from $140 to $160.

Soros Capital Management LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 71.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,639 shares of the apparel and home fashions retailer's stock after selling 61,360 shares during the period. Soros Capital Management LLC's holdings in TJX Companies were worth $3,001,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Shell Asset Management Co. increased its stake 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 period. Pathstone Holdings LLC increased its stake 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 period. Ethic Inc. increased its stake 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 period. Fiduciary Trust Co increased its stake 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 period. Finally, Pinnacle Financial Partners Inc increased its stake 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 period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Wells Fargo & Company upped their price target on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Daiwa Capital Markets initiated coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target on the stock. Finally, Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $147.58.

TJX Companies Stock Up 0.4%

TJX Companies stock traded up $0.61 during mid-day trading on Wednesday, hitting $137.29. The company had a trading volume of 4,521,060 shares, compared to its average volume of 5,516,427. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock's 50 day moving average price is $127.79 and its two-hundred day moving average price is $125.71. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The company has a market capitalization of $153.37 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results 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 return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The company'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. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

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.