Traders Sell The TJX Cos. (TJX) on Strength (TJX)
Investors sold shares of The TJX Cos. (NYSE:TJX) on strength during trading on Tuesday. $37.89 million flowed into the stock on the tick-up and $54.09 million flowed out of the stock on the tick-down, for a money net flow of $16.20 million out of the stock. Of all companies tracked, The TJX Cos. had the 0th highest net out-flow for the day. The TJX Cos. traded up $0.37 for the day and closed at $75.06
TJX has been the topic of several recent research reports. Wells Fargo & Co. reaffirmed a “buy” rating on shares of The TJX Cos. in a research report on Monday, June 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $85.00 price objective on shares of The TJX Cos. in a research report on Thursday, June 30th. Miller Tabak initiated coverage on shares of The TJX Cos. in a research report on Friday, June 24th. They set a “buy” rating and a $91.00 price objective on the stock. Zacks Investment Research lowered shares of The TJX Cos. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of The TJX Cos. in a report on Tuesday, June 14th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.36.
The stock’s 50-day moving average price is $78.34 and its 200-day moving average price is $77.36. The firm has a market capitalization of $49.29 billion, a price-to-earnings ratio of 21.79 and a beta of 0.58.
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The TJX Cos. (NYSE:TJX) last posted its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.85 billion. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. Equities analysts predict that The TJX Cos. will post $3.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s payout ratio is presently 30.15%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Cypress Wealth Advisors LLC raised its position in The TJX Cos. by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 3,927 shares of the apparel and home fashions retailer’s stock worth $308,000 after buying an additional 15 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of The TJX Cos. by 0.8% in the second quarter. Sequoia Financial Advisors LLC now owns 3,639 shares of the apparel and home fashions retailer’s stock worth $281,000 after buying an additional 30 shares in the last quarter. Washington Trust Bank raised its position in shares of The TJX Cos. by 0.3% in the second quarter. Washington Trust Bank now owns 11,038 shares of the apparel and home fashions retailer’s stock worth $852,000 after buying an additional 36 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of The TJX Cos. by 1.3% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,100 shares of the apparel and home fashions retailer’s stock worth $239,000 after buying an additional 40 shares in the last quarter. Finally, SSI Investment Management Inc. raised its position in shares of The TJX Cos. by 1.3% in the second quarter. SSI Investment Management Inc. now owns 3,696 shares of the apparel and home fashions retailer’s stock worth $286,000 after buying an additional 49 shares in the last quarter. 88.84% of the stock is currently owned by institutional investors and hedge funds.
About The TJX Cos.
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 are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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