Prudential PLC Reduces Holdings in The TJX Companies, Inc. $TJX

Prudential PLC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 14.1% in the 4th quarter, HoldingsChannel reports. The firm owned 112,258 shares of the apparel and home fashions retailer’s stock after selling 18,494 shares during the quarter. Prudential PLC’s holdings in TJX Companies were worth $17,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Norges Bank purchased a new position in TJX Companies during the 4th quarter valued at about $2,211,975,000. Alliancebernstein L.P. lifted its position in TJX Companies by 91.6% during the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after acquiring an additional 3,208,458 shares during the period. Corient Private Wealth LLC lifted its position in TJX Companies by 120.7% during the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after acquiring an additional 2,743,676 shares during the period. Amundi lifted its position in TJX Companies by 22.1% during the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock valued at $1,391,822,000 after acquiring an additional 1,761,281 shares during the period. Finally, Mackenzie Financial Corp lifted its position in TJX Companies by 81.2% during the 3rd quarter. Mackenzie Financial Corp now owns 3,198,579 shares of the apparel and home fashions retailer’s stock valued at $462,323,000 after acquiring an additional 1,433,801 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on TJX shares. Evercore reissued an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research report on Thursday, May 21st. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Robert W. Baird raised their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $174.58.

TJX Companies Stock Up 0.4%

NYSE:TJX opened at $158.56 on Friday. The firm has a market cap of $175.16 billion, a P/E ratio of 30.79, a P/E/G ratio of 3.43 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The firm has a 50-day simple moving average of $156.82 and a two-hundred day simple moving average of $155.40.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. TJX Companies’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Analysts predict that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.48 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 14th. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.