Assenagon Asset Management S.A. Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Assenagon Asset Management S.A. grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 65.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,282,351 shares of the apparel and home fashions retailer's stock after buying an additional 1,302,845 shares during the quarter. TJX Companies makes up about 0.7% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 21st biggest position. Assenagon Asset Management S.A. owned 0.29% of TJX Companies worth $399,790,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after buying an additional 84 shares in the last quarter. Nwam LLC grew its holdings in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after buying an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC grew its holdings in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after buying an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC grew its holdings in TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after buying an additional 93 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in TJX Companies by 0.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer's stock valued at $1,283,000 after buying an additional 99 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. TD Securities increased their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. UBS Group reissued a "buy" rating and issued a $164.00 target price (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Stock Down 0.6%

Shares of TJX Companies stock traded down $0.71 during trading on Friday, hitting $123.75. 3,786,474 shares of the stock traded hands, compared to its average volume of 5,212,580. The firm has a market cap of $138.25 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The stock's fifty day simple moving average is $127.91 and its 200 day simple moving average is $124.20.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. On average, equities analysts predict 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 paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.