Investors Buy Shares of The TJX Cos. (TJX) on Weakness
Investors purchased shares of The TJX Cos. (NYSE:TJX) on weakness during trading hours on Monday. $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 16th 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 equities analysts have recently commented on TJX shares. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a research 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 target on shares of The TJX Cos. in a research report on Thursday, August 18th. Jefferies Group set a $75.00 price target on shares of The TJX Cos. and gave the company a “hold” rating in a research report on Tuesday, August 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a research report on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The TJX Cos. currently has a consensus rating of “Buy” and an average price target of $83.36.
The company has a market cap of $51.01 billion and a price-to-earnings ratio of 22.56. The stock has a 50-day moving average of $79.88 and a 200 day moving average of $77.15.
The TJX Cos. (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. During the same period in the prior year, the business earned $0.80 EPS. The business had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.85 billion. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts forecast that The TJX Cos. will post $3.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, August 9th.
In other The TJX Cos. news, Director Jose B. Alvarez sold 1,158 shares of the firm’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $76.51, for a total transaction of $88,598.58. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at approximately $53,557. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A hedge fund recently raised its stake in The TJX Cos. stock. Wells Fargo & Company MN boosted its stake in The TJX Cos. (NYSE:TJX) by 1.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,381,526 shares of the apparel and home fashions retailer’s stock after buying an additional 149,521 shares during the period. Wells Fargo & Company MN owned 1.40% of The TJX Cos. worth $665,244,000 at the end of the most recent 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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