Prudential PLC Has $18.90 Million Position in The TJX Companies, Inc. $TJX

Prudential PLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 60.4% during the 3rd quarter, Holdings Channel reports. The fund owned 130,752 shares of the apparel and home fashions retailer’s stock after acquiring an additional 49,238 shares during the period. Prudential PLC’s holdings in TJX Companies were worth $18,899,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Texas Capital Bank Wealth Management Services Inc increased its stake in TJX Companies by 3.1% in the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 66,895 shares of the apparel and home fashions retailer’s stock valued at $9,669,000 after purchasing an additional 2,018 shares in the last quarter. Nicolet Bankshares Inc. boosted its position in shares of TJX Companies by 5.6% during the 3rd quarter. Nicolet Bankshares Inc. now owns 15,074 shares of the apparel and home fashions retailer’s stock worth $2,179,000 after purchasing an additional 806 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of TJX Companies by 5.2% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 9,527 shares of the apparel and home fashions retailer’s stock worth $1,377,000 after purchasing an additional 469 shares in the last quarter. Pinnbrook Capital Management LP acquired a new stake in shares of TJX Companies in the 3rd quarter valued at about $2,678,000. Finally, Perbak Capital Partners LLP bought a new stake in TJX Companies in the 3rd quarter valued at about $946,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $155.40 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The business has a 50-day simple moving average of $155.56 and a two-hundred day simple moving average of $149.28. The company has a market capitalization of $172.56 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 3.58 and a beta of 0.73. The TJX Companies, Inc. has a 52-week low of $112.30 and a 52-week high of $162.68.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the prior year, the business posted $1.23 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research reports. Argus raised TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. TD Cowen restated a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Guggenheim raised TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Citigroup reiterated a “buy” rating and issued a $168.00 target price (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, BTIG Research reissued a “buy” rating and issued a $185.00 price target (up from $165.00) on shares of TJX Companies in a research report on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and an average target price of $167.55.

About TJX Companies

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.