Assenagon Asset Management S.A. Sells 2,385,246 Shares of The TJX Companies, Inc. $TJX

Key Points

• Assenagon Asset Management S.A. significantly decreased its stake in The TJX Companies, Inc. by 72.7%, now holding 897,105 shares after selling 2,385,246 shares in the 2nd quarter.
• Several hedge funds have increased their holdings in TJX, with institutional investors owning approximately 91.09% of the company's stock.
• Analysts maintain a consensus Buy rating for TJX, with a target price of $147.58, following solid financial performance exceeding expectations in its latest earnings report.

Assenagon Asset Management S.A. lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 72.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 897,105 shares of the apparel and home fashions retailer's stock after selling 2,385,246 shares during the period. Assenagon Asset Management S.A. owned approximately 0.08% of TJX Companies worth $110,783,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TJX. Nuveen LLC bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $1,330,717,000. GAMMA Investing LLC increased its holdings in shares of TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after purchasing an additional 2,892,151 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TJX Companies in the fourth quarter worth $136,753,000. Amundi increased its holdings in shares of TJX Companies by 10.2% in the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of TJX Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.2%

Shares of TJX traded up $0.24 on Tuesday, hitting $139.65. 1,013,464 shares of the stock traded hands, compared to its average volume of 5,285,291. The company has a market capitalization of $155.42 billion, a PE ratio of 31.80, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The business has a 50 day simple moving average of $133.23 and a 200 day simple moving average of $127.78. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58.

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

TJX Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TJX shares. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Wells Fargo & Company upped their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Evercore ISI raised their price objective on TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Macquarie restated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Finally, Erste Group Bank began coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of "Buy" and a consensus target price of $147.58.

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.