AlTi Global Inc. Makes New $623,000 Investment in The TJX Companies, Inc. $TJX

AlTi Global Inc. acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, HoldingsChannel reports. The institutional investor acquired 5,042 shares of the apparel and home fashions retailer’s stock, valued at approximately $623,000.

A number of other large investors have also added to or reduced their stakes in TJX. TCTC Holdings LLC increased its position 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 valued at $26,000 after purchasing an additional 145 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in TJX Companies during the 2nd quarter valued at $28,000. Atlantic Edge Private Wealth Management LLC raised its holdings in TJX Companies by 58.8% during 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 raised its holdings in TJX Companies by 99.3% during 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. Finally, Activest Wealth Management raised its holdings in TJX Companies by 4,485.7% during 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. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $141.90 on Friday. The stock’s fifty day moving average is $140.31 and its two-hundred day moving average is $131.60. The company has a market capitalization of $157.92 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 3.16 and a beta of 0.92. 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 TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is presently 38.72%.

Analyst Ratings Changes

Several research firms recently weighed in on TJX. Evercore ISI increased 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. UBS Group increased their price target on TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Telsey Advisory Group restated an “outperform” rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Wells Fargo & Company increased their price target on TJX Companies from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, August 21st. Finally, Erste Group Bank assumed coverage on TJX Companies in a report on Friday, September 5th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $148.50.

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.