Traders Buy Shares of The TJX Cos. (TJX) on Weakness
Traders purchased shares of The TJX Cos. (NYSE:TJX) on weakness during trading on Friday. $52.65 million flowed into the stock on the tick-up and $39.97 million flowed out of the stock on the tick-down, for a money net flow of $12.68 million into the stock. Of all companies tracked, The TJX Cos. had the 46th highest net in-flow for the day. The TJX Cos. traded down ($0.05) for the day and closed at $77.68
A number of brokerages recently commented on TJX. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a report on Monday, August 1st. Zacks Investment Research raised shares of The TJX Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. BMO Capital Markets reissued an “outperform” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research report on Thursday, August 18th. Jefferies Group set a $75.00 price objective on shares of The TJX Cos. and gave the stock a “hold” rating in a research report on Tuesday, August 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $92.00 price objective on shares of The TJX Cos. in a research report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The TJX Cos. currently has an average rating of “Buy” and an average price target of $83.36.
The firm’s 50 day moving average is $79.88 and its 200 day moving average is $77.15. The stock has a market capitalization of $51.78 billion and a P/E ratio of 22.56.
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, beating the consensus estimate of $0.81 by $0.03. The firm earned $7.88 billion during the quarter, compared to analyst estimates of $7.85 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that The TJX Cos. will post $3.48 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were issued a $0.26 dividend. The ex-dividend date was Tuesday, August 9th. This represents a $1.04 annualized dividend and a yield of 1.34%.
In other The TJX Cos. news, Director Jose B. Alvarez sold 1,158 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $76.51, for a total value of $88,598.58. Following the transaction, the director now directly owns 700 shares in the company, valued at approximately $53,557. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in The TJX Cos. by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,381,526 shares of the apparel and home fashions retailer’s stock valued at $665,244,000 after buying an additional 149,521 shares during the last quarter. US Bancorp DE raised its position in shares of The TJX Cos. by 0.7% in the fourth quarter. US Bancorp DE now owns 291,744 shares of the apparel and home fashions retailer’s stock valued at $20,688,000 after buying an additional 1,928 shares in the last quarter. American International Group Inc. raised its position in shares of The TJX Cos. by 1.1% in the fourth quarter. American International Group Inc. now owns 282,865 shares of the apparel and home fashions retailer’s stock valued at $20,057,000 after buying an additional 2,949 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of The TJX Cos. by 2.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,878,906 shares of the apparel and home fashions retailer’s stock valued at $133,234,000 after buying an additional 47,131 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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