Prudential Financial Inc. Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Prudential Financial Inc. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 731,538 shares of the apparel and home fashions retailer’s stock after selling 155,086 shares during the period. Prudential Financial Inc.’s holdings in TJX Companies were worth $88,377,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new position in TJX Companies during the 4th quarter valued at about $26,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

NYSE TJX opened at $119.64 on Tuesday. The company has a market cap of $134.49 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock’s fifty day moving average price is $121.68 and its 200 day moving average price is $120.16. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of analyst reports. BMO Capital Markets upped their target price on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Wells Fargo & Company upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 10th. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Barclays increased their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Company 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.