The TJX Companies Short Interest Up 25.7% in May (TJX)
Shares of The TJX Companies (NYSE:TJX) were the recipient of a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 10,541,472 shares, an increase of 25.7% from the May 15th total of 8,386,242 shares, AnalystRatingsNetwork reports. Based on an average daily trading volume, of 6,906,938 shares, the short-interest ratio is currently 1.5 days. Approximately 1.5% of the shares of the stock are short sold.
In other The TJX Companies news, Director Bernard Cammarata sold 50,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $56.22, for a total value of $2,811,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TJX has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The TJX Companies in a research note on Friday, May 23rd. They now have a $63.00 price target on the stock, down previously from $65.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The TJX Companies in a research note on Friday, May 23rd. They now have a $58.00 price target on the stock. Finally, analysts at Buckingham Research cut their price target on shares of The TJX Companies from $64.00 to $60.00 in a research note on Thursday, May 22nd. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The TJX Companies presently has a consensus rating of “Buy” and an average price target of $62.68.
The TJX Companies (NYSE:TJX) opened at 54.95 on Monday. The TJX Companies has a one year low of $48.71 and a one year high of $64.38. The stock’s 50-day moving average is $56.22 and its 200-day moving average is $59.53. The company has a market cap of $38.482 billion and a P/E ratio of 18.60.
The TJX Companies (NYSE:TJX) last released its earnings data on Tuesday, May 20th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by $0.03. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that The TJX Companies will post $3.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, August 12th.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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