The TJX Companies, Inc. $TJX Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its TJX Companies stake by 3.7% in the second quarter, adding 56,281 shares to own 1.56 million shares valued at approximately $236 million. Institutional investors collectively hold 91.09% of the company.
• TJX’s latest quarterly results exceeded expectations, with earnings per share of $1.19 versus the $1.02 consensus estimate and revenue of $14.32 billion, up 9.2% year over year.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and a $177.94 price target. TJX also declared a quarterly dividend of $0.48 per share, representing a 1.2% annualized yield.

Assenagon Asset Management S.A. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,557,475 shares of the apparel and home fashions retailer's stock after purchasing an additional 56,281 shares during the period. Assenagon Asset Management S.A. owned about 0.14% of TJX Companies worth $235,957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in shares of TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after acquiring an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of TJX Companies in the 4th quarter worth $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $26,000. Imprint Wealth LLC acquired a new stake in shares of TJX Companies during the third quarter worth $27,000. Finally, Joseph Group Capital Management purchased a new stake in shares of TJX Companies during the fourth quarter valued at $27,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $161.89 on Friday. The business has a fifty day simple moving average of $157.72 and a 200 day simple moving average of $156.73. 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. The firm has a market cap of $178.84 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 3.46 and a beta of 0.62.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period in the prior year, the firm posted $0.92 EPS. The business's revenue was up 9.2% compared to the same quarter last year. 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 predict that The TJX Companies, Inc. will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies's dividend payout ratio is currently 37.28%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TJX shares. BTIG Research increased their price target on TJX Companies from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Erste Group Bank cut shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Barclays reissued an "overweight" rating and issued a $190.00 target price (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. UBS Group reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, June 9th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of TJX Companies in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $177.94.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 29,549 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer directly owned 552,850 shares of the company's stock, valued at $87,051,761. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,367 shares of company stock worth $20,959,476 in the last ninety days. Insiders own 0.15% of the company's stock.

TJX Companies News Summary

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 Company 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.

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