Prudential PLC Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Prudential PLC increased its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 23.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,434 shares of the apparel and home fashions retailer’s stock after acquiring an additional 10,256 shares during the period. Prudential PLC’s holdings in TJX Companies were worth $3,040,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TJX. Alphastar Capital Management LLC boosted its stake in TJX Companies by 2.3% in the second quarter. Alphastar Capital Management LLC now owns 7,836 shares of the apparel and home fashions retailer’s stock valued at $438,000 after acquiring an additional 174 shares in the last quarter. Curi Wealth Management LLC boosted its stake in TJX Companies by 3.3% in the second quarter. Curi Wealth Management LLC now owns 5,707 shares of the apparel and home fashions retailer’s stock valued at $319,000 after acquiring an additional 182 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in TJX Companies by 46.0% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 584 shares of the apparel and home fashions retailer’s stock valued at $33,000 after acquiring an additional 184 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of TJX Companies by 1.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 14,582 shares of the apparel and home fashions retailer’s stock worth $814,000 after buying an additional 184 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its holdings in shares of TJX Companies by 9.5% in the first quarter. Stephens Investment Management Group LLC now owns 2,135 shares of the apparel and home fashions retailer’s stock worth $129,000 after buying an additional 186 shares during the last quarter. 90.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on TJX shares. Morgan Stanley raised their price target on shares of TJX Companies from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, November 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TJX Companies from $79.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 17th. Credit Suisse Group raised their target price on shares of TJX Companies from $70.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, November 17th. Citigroup lifted their price objective on shares of TJX Companies from $86.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 17th. Finally, Telsey Advisory Group lifted their price objective on shares of TJX Companies from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.42.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the transaction, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at $45,895,330.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. Following the transaction, the chief executive officer now directly owns 696,439 shares of the company’s stock, valued at $45,895,330.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Louise Greenlees sold 6,708 shares of TJX Companies stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $79.99, for a total transaction of $536,572.92. Following the transaction, the executive vice president now directly owns 51,627 shares in the company, valued at $4,129,643.73. The disclosure for this sale can be found here. Insiders have sold 80,513 shares of company stock valued at $5,718,833 over the last ninety days. Company insiders own 0.19% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $80.54 on Thursday. The firm has a market capitalization of $93.51 billion, a PE ratio of 28.06, a PEG ratio of 2.45 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $53.69 and a twelve month high of $80.86. The firm’s 50-day moving average price is $68.17 and its 200 day moving average price is $63.68. The company has a current ratio of 1.16, a quick ratio of 0.41 and a debt-to-equity ratio of 0.50.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a dividend of $0.295 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.18 dividend on an annualized basis and a yield of 1.47%. TJX Companies’s payout ratio is presently 41.11%.

TJX Companies Company Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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