Prudential Financial Inc. Sells 155,086 Shares of The TJX Companies, Inc. (NYSE:TJX)

Prudential Financial Inc. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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. owned 0.07% of TJX Companies worth $88,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. United Services Automobile Association raised its stake in shares of TJX Companies by 1.4% during the 4th quarter. United Services Automobile Association now owns 25,607 shares of the apparel and home fashions retailer's stock worth $3,094,000 after purchasing an additional 356 shares during the period. Angeles Investment Advisors LLC increased its holdings in TJX Companies by 4.5% during the fourth quarter. Angeles Investment Advisors LLC now owns 2,374 shares of the apparel and home fashions retailer's stock worth $287,000 after buying an additional 102 shares during the last quarter. Vanguard Group Inc. raised its position in TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after acquiring an additional 578,948 shares during the period. Haverford Financial Services Inc. boosted its stake in TJX Companies by 0.3% in the fourth quarter. Haverford Financial Services Inc. now owns 99,589 shares of the apparel and home fashions retailer's stock valued at $12,031,000 after acquiring an additional 278 shares during the last quarter. Finally, Napatree Capital LLC purchased a new position in TJX Companies in the fourth quarter valued at about $232,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company boosted their target price on TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, January 10th. Morgan Stanley increased their target price on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. BMO Capital Markets lifted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $135.06.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

TJX Companies Stock Down 2.4 %

Shares of TJX stock traded down $2.94 during trading hours on Friday, hitting $117.63. 1,402,109 shares of the company's stock traded hands, compared to its average volume of 5,188,832. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $132.23 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 2.75 and a beta of 0.96. The stock's fifty day simple moving average is $121.69 and its two-hundred day simple moving average is $120.19. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

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.