Investors Sell Shares of The TJX Cos. (TJX) on Strength (TJX)
Investors sold shares of The TJX Cos. (NYSE:TJX) on strength during trading on Monday. $27.83 million flowed into the stock on the tick-up and $41.83 million flowed out of the stock on the tick-down, for a money net flow of $14.00 million out of the stock. Of all stocks tracked, The TJX Cos. had the 0th highest net out-flow for the day. The TJX Cos. traded up $0.14 for the day and closed at $81.86
A number of research firms have weighed in on TJX. Goldman Sachs Group Inc. reissued a “buy” rating and set a $92.00 price objective on shares of The TJX Cos. in a report on Monday. Zacks Investment Research raised shares of The TJX Cos. from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Vetr upgraded shares of The TJX Cos. from a “hold” rating to a “buy” rating and set a $81.58 target price on the stock in a research report on Monday, April 4th. Deutsche Bank AG restated a “buy” rating on shares of The TJX Cos. in a research report on Wednesday, April 6th. Finally, BMO Capital Markets restated an “outperform” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Thursday, June 30th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $83.76.
The stock has a market capitalization of $54.12 billion and a PE ratio of 24.05. The firm’s 50-day moving average is $77.93 and its 200 day moving average is $75.58.
The TJX Cos. (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 17th. The apparel and home fashions retailer reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.05. During the same quarter in the previous year, the company earned $0.69 earnings per share. The company had revenue of $7.54 billion for the quarter, compared to the consensus estimate of $7.29 billion. The TJX Cos.’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts expect that The TJX Cos. will post $3.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $1.04 annualized dividend and a dividend yield of 1.27%.
In other news, Director Jose B. Alvarez sold 1,158 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $76.51, for a total value of $88,598.58. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at $53,557. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Carol Meyrowitz sold 64,160 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $76.56, for a total value of $4,912,089.60. Following the completion of the transaction, the chairman now directly owns 336,231 shares of the company’s stock, valued at approximately $25,741,845.36. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Bank of The Ozarks boosted its position in 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 last quarter. Pinnacle Associates Ltd. boosted its position 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 during the last quarter. Garcia Hamilton & Associates LP DE acquired a new position in The TJX Cos. during the fourth quarter valued at about $1,328,000. Private Advisor Group LLC boosted its position 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 during the last quarter. Finally, Azimuth Capital Management LLC boosted its position 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 during 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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