Investors Sell The TJX Cos. (TJX) on Strength (TJX)
Investors sold shares of The TJX Cos. (NYSE:TJX) on strength during trading hours on Tuesday. $36.57 million flowed into the stock on the tick-up and $78.78 million flowed out of the stock on the tick-down, for a money net flow of $42.21 million out of the stock. Of all equities tracked, The TJX Cos. had the 0th highest net out-flow for the day. The TJX Cos. traded up $0.44 for the day and closed at $81.20
A number of research firms have weighed in on TJX. Wells Fargo & Co. restated a “buy” rating on shares of The TJX Cos. in a research note on Monday, June 27th. BMO Capital Markets restated an “outperform” rating and set a $85.00 price objective on shares of The TJX Cos. in a research note on Thursday, June 30th. Miller Tabak began coverage on shares of The TJX Cos. in a research note on Friday, June 24th. They set a “buy” rating and a $91.00 price objective for the company. Zacks Investment Research lowered shares of The TJX Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Finally, Deutsche Bank AG restated a “buy” rating on shares of The TJX Cos. in a research note on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have assigned a buy rating to the company. The TJX Cos. has a consensus rating of “Buy” and a consensus price target of $83.30.
The stock’s 50 day moving average is $77.40 and its 200-day moving average is $75.20. The company has a market cap of $53.68 billion and a PE ratio of 23.85.
The TJX Cos. (NYSE:TJX) last issued its quarterly earnings results on Tuesday, May 17th. The apparel and home fashions retailer reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.05. The business earned $7.54 billion during the quarter, compared to analyst estimates of $7.29 billion. The TJX Cos.’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. On average, equities analysts expect that The TJX Cos. will post $3.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $1.04 annualized dividend and a yield of 1.28%.
In related news, Chairman Carol Meyrowitz sold 64,160 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $76.56, for a total value of $4,912,089.60. Following the transaction, the chairman now owns 336,231 shares in the company, valued at approximately $25,741,845.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ernie Herrman sold 44,000 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $75.64, for a total transaction of $3,328,160.00. Following the completion of the transaction, the chief executive officer now owns 493,437 shares in the company, valued at approximately $37,323,574.68. The disclosure for this sale can be found here.
Other institutional investors have modified their holdings of the company. Bank of The Ozarks increased its position in shares of The TJX Cos. by 30.1% in the fourth quarter. Bank of The Ozarks now owns 17,109 shares of the apparel and home fashions retailer’s stock valued at $1,213,000 after buying an additional 3,960 shares during the period. Pinnacle Associates Ltd. raised its stake in The TJX Cos. by 41.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 18,128 shares of the apparel and home fashions retailer’s stock valued at $1,285,000 after buying an additional 5,345 shares in the last quarter. Garcia Hamilton & Associates LP DE bought a new stake in The TJX Cos. during the fourth quarter valued at approximately $1,328,000. Private Advisor Group LLC raised its stake in The TJX Cos. by 20.5% in the fourth quarter. Private Advisor Group LLC now owns 19,151 shares of the apparel and home fashions retailer’s stock valued at $1,358,000 after buying an additional 3,255 shares in the last quarter. Finally, Azimuth Capital Management LLC raised its stake in The TJX Cos. by 13.5% in the fourth quarter. Azimuth Capital Management LLC now owns 19,855 shares of the apparel and home fashions retailer’s stock valued at $1,408,000 after buying an additional 2,360 shares in the last quarter.
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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