Prudential PLC Has $6.56 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Prudential PLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,257 shares of the apparel and home fashions retailer's stock after selling 28,336 shares during the period. Prudential PLC's holdings in TJX Companies were worth $6,555,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Savoir Faire Capital Management L.P. boosted its position in shares of TJX Companies by 131.3% in the fourth quarter. Savoir Faire Capital Management L.P. now owns 70,061 shares of the apparel and home fashions retailer's stock valued at $8,464,000 after acquiring an additional 39,777 shares during the period. Landscape Capital Management L.L.C. increased its position in TJX Companies by 7.5% during the fourth quarter. Landscape Capital Management L.L.C. now owns 22,311 shares of the apparel and home fashions retailer's stock worth $2,695,000 after acquiring an additional 1,549 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in TJX Companies by 7.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,471 shares of the apparel and home fashions retailer's stock valued at $299,000 after purchasing an additional 161 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in TJX Companies by 46.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 10,348 shares of the apparel and home fashions retailer's stock valued at $1,249,000 after purchasing an additional 3,284 shares during the period. Finally, Motley Fool Asset Management LLC acquired a new stake in TJX Companies in the 4th quarter worth $6,338,000. Institutional investors own 91.09% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $128.00 to $140.00 in a research report on Thursday. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. Wells Fargo & Company upped 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. Finally, Morgan Stanley lifted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $135.76.

TJX Companies Stock Performance

Shares of TJX traded down $3.51 during midday trading on Friday, reaching $121.92. The stock had a trading volume of 12,959,431 shares, compared to its average volume of 5,264,766. The TJX Companies, Inc. has a one year low of $92.35 and a one year high of $128.33. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market cap of $136.20 billion, a PE ratio of 28.69, a P/E/G ratio of 2.75 and a beta of 0.86. The firm has a 50 day simple moving average of $121.69 and a 200-day simple moving average of $120.37.

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

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's payout ratio is currently 39.91%.

Insider Activity

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction 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 owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

About TJX Companies

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.