Assenagon Asset Management S.A. Buys 56,281 Shares of The TJX Companies, Inc. $TJX

Assenagon Asset Management S.A. lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 1,557,475 shares of the apparel and home fashions retailer’s stock after acquiring an additional 56,281 shares during the quarter. Assenagon Asset Management S.A.’s holdings in TJX Companies were worth $235,957,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Vanguard Group Inc. grew its holdings in TJX Companies by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock valued at $15,780,919,000 after purchasing an additional 771,882 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of TJX Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock worth $4,134,174,000 after buying an additional 673,690 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of TJX Companies by 2.0% in the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after buying an additional 495,989 shares during the last quarter. Capital International Investors boosted its holdings in shares of TJX Companies by 2.0% during the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after buying an additional 308,408 shares during the period. Finally, Norges Bank bought a new stake in shares of TJX Companies during the 4th quarter worth $2,211,975,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other news, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jackwyn Nemerov sold 957 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company’s stock, valued at approximately $135,209.18. The trade was a 54.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Barclays reissued an “overweight” rating and set a $190.00 target price (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. Evercore restated an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a report on Thursday, May 21st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus price target of $177.94.

Key TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX showed relative strength during the latest session, rising while the broader market declined. The move suggests continued investor confidence in the company’s defensive, value-oriented retail model. TJX Gains As Market Dips: What You Should Know
• Positive Sentiment: A preview of TJX’s fiscal second-quarter results points to potentially positive traffic trends, which could support sales and earnings. The company’s latest reported quarter also exceeded earnings and revenue expectations, with sales up year over year. TJX Companies Q2 Preview
• Neutral Sentiment: TJX announced that it will release fiscal second-quarter 2027 sales and earnings before the market opens on August 19, followed by a conference call with Chief Executive Officer Ernie Herrman. The report will provide an important update on traffic, sales trends, margins and guidance. TJX to Report Q2 FY27 Results
• Neutral Sentiment: Analyst estimates and ratings remain a focus for the stock. TJX is trading near its recent moving-average levels and below its 12-month high, indicating that expectations for the upcoming results are already an important factor in valuation. TJX Companies Stock: Analyst Estimates and Ratings

TJX Companies Trading Up 1.2%

Shares of TJX Companies stock opened at $161.89 on Friday. The company’s fifty day simple moving average is $157.72 and its 200-day simple moving average is $156.73. The company has a market cap of $178.84 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 3.46 and a beta of 0.62. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 1 year low of $130.88 and a 1 year high of $170.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. TJX Companies’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 5.17 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. TJX Companies’s payout ratio is presently 37.28%.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.