Assenagon Asset Management S.A. 13F: Adds $283M to TJX Stake

Assenagon Asset Management S.A. expanded its investment in The TJX Companies, Inc. (NYSE: TJX), lifting its position substantially during the period. Institutional 13F filings filed with the Securities and Exchange Commission offer a look at what professional money managers were doing during past months, though these backward-looking reports may not reflect current holdings today.

What Changed in Assenagon Asset Management S.A.'s The TJX Companies Position

In a Form 13F filing on October 15, 2026, Assenagon Asset Management disclosed a 137.4% increase in its stake in The TJX Companies. The firm added 2,140,059 shares to its portfolio, bringing its total holdings to 3,697,534 shares. The reported value of the stake reached approximately $489.2 million.

Other Institutional Activity in The TJX Companies

Other major institutional investors also adjusted their holdings in the off-price retailer around the same reporting cycle. Blackrock Inc. grew its holdings by 1,343,758 shares, ending with 108,844,399 shares worth about $16.04 billion. Vanguard Capital Management LLC added 57,730 shares, bringing its total to 72,219,699 shares valued at roughly $10.64 billion. State Street Corporation grew its stake by 1,386,852 shares to 49,709,223 shares worth about $7.32 billion. Geode Capital Management, LLC reduced its holdings by 300,709 shares, leaving it with 28,894,377 shares valued at roughly $4.26 billion. Meanwhile, Morgan Stanley grew its holdings by 307,323 shares, ending with 27,031,090 shares worth about $3.98 billion.

The TJX Companies, Inc. Stock Up 2.9%

The TJX Companies shares recently traded around $146.96 as of October 16, 2026. The stock sits about 13.6% below its 52-week high of $170.00 and roughly 19.7% above its 52-week low of $122.78. The company has a market capitalization of roughly $159.03 billion.

Recent Earnings

The company reported trailing-twelve-month revenue of $62.36 billion and trailing earnings of $5.40 per share. The retailer posted a net profit margin of 9.7% alongside a return on equity of 62.2%. The TJX Companies is scheduled to release its next financial results on November 18, 2026.

Dividend

The TJX Companies pays an annual dividend yielding 1.33% with a payout ratio of 32.5%.

Insider Buying and Selling at The TJX Companies, Inc.

Company insiders executed several transactions prior to the filing. Chief Executive Officer Ernie L. Herrman sold 67,551 shares for a total value of about $10.69 million on June 5, 2026. Officer and Director Carol M. Meyrowitz sold 55,624 shares at an average price of $163.65, totaling roughly $9.1 million on June 9, 2026. Officer Peter Benjamin sold 10,926 shares at $165.00 each for a total of $1.8 million on June 10, 2026. Director Jackwyn L. Nemerov sold 957 shares at $168.60 each, totaling $161,345 on June 11, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock over the summer. On August 20, 2026, Citigroup downgraded the stock to a Neutral rating and lowered its price target from $182.00 to $154.00. Morgan Stanley maintained an Overweight rating while lowering its target from $181.00 to $178.00. UBS maintained a Buy rating and adjusted its target from $197.00 to $198.00. BTIG reiterated a Buy rating with a $190.00 target. Jefferies downgraded the stock to a Hold on August 26, 2026, dropping its target from $180.00 to $145.00. The stock carries a consensus buy recommendation with a mean price target of $170.80 across 20 analyst opinions.

About The TJX Companies

The TJX Companies operates as an off-price apparel and home fashions retailer with store brands spanning Marmaxx, HomeGoods, and international markets. The firm offers branded clothing, accessories, and home goods at discounted prices through its sprawling retail footprint.

Bottom Line

Assenagon Asset Management's sizable position increase highlights notable institutional interest in the off-price retailer. Investors will look toward the company's upcoming earnings report on November 18, 2026, for further insights into its financial trajectory.