Assenagon Asset Management S.A. Boosts Position in The TJX Companies, Inc. $TJX

Assenagon Asset Management S.A. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 99.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,218,318 shares of the apparel and home fashions retailer’s stock after buying an additional 1,103,340 shares during the period. Assenagon Asset Management S.A. owned about 0.20% of TJX Companies worth $340,756,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TJX. Vanguard Group Inc. raised its stake in shares of TJX Companies by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after acquiring an additional 820,730 shares during the period. State Street Corp boosted its position in TJX Companies by 0.6% during the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock worth $6,001,063,000 after purchasing an additional 285,737 shares during the period. Capital International Investors increased its holdings in TJX Companies by 4.2% in the 3rd quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after purchasing an additional 630,574 shares in the last quarter. Norges Bank acquired a new stake in TJX Companies in the 2nd quarter valued at $1,808,774,000. Finally, Ameriprise Financial Inc. raised its position in TJX Companies by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 13,391,533 shares of the apparel and home fashions retailer’s stock valued at $1,939,435,000 after purchasing an additional 392,097 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TJX has been the subject of several analyst reports. Telsey Advisory Group upped their target price on TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research report on Tuesday, January 6th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Finally, Wells Fargo & Company reaffirmed a “positive” rating and issued a $150.00 price objective (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $167.55.

TJX Companies Price Performance

TJX opened at $156.47 on Tuesday. The company has a market capitalization of $173.75 billion, a P/E ratio of 32.06, a PEG ratio of 3.56 and a beta of 0.73. The company has a 50-day moving average of $155.48 and a 200-day moving average of $150.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The TJX Companies, Inc. has a 1-year low of $116.37 and a 1-year high of $162.68.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 earnings per share. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

About TJX Companies

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.