Prudential Financial Inc. Increases Holdings in TJX Companies Inc (TJX)

Prudential Financial Inc. raised its position in TJX Companies Inc (NYSE:TJX) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 920,331 shares of the apparel and home fashions retailer’s stock after acquiring an additional 12,530 shares during the period. Prudential Financial Inc. owned approximately 0.15% of TJX Companies worth $67,856,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation grew its stake in TJX Companies by 185.9% in the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after acquiring an additional 883 shares during the period. Lenox Wealth Management Inc. acquired a new stake in TJX Companies in the second quarter valued at approximately $141,000. Mosaic Family Wealth LLC boosted its position in shares of TJX Companies by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 134 shares during the last quarter. Highlander Capital Management LLC boosted its position in shares of TJX Companies by 31.3% during the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock valued at $150,000 after buying an additional 500 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its position in shares of TJX Companies by 20.2% during the second quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 353 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Inc (NYSE:TJX) opened at $75.43 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. TJX Companies Inc has a 1 year low of $66.44 and a 1 year high of $80.92. The firm has a market capitalization of $47,990.00, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.75.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. equities analysts expect that TJX Companies Inc will post 3.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.66%. TJX Companies’s dividend payout ratio is currently 33.78%.

Several brokerages recently issued reports on TJX. MKM Partners reaffirmed a “buy” rating and set a $87.00 target price on shares of TJX Companies in a research report on Tuesday, September 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Tuesday, September 12th. Sanford C. Bernstein began coverage on TJX Companies in a research report on Tuesday, September 12th. They set an “outperform” rating and a $88.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 target price on shares of TJX Companies in a research report on Monday, September 18th. Finally, Northcoast Research raised TJX Companies from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Thursday, September 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $81.95.

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About TJX Companies

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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

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