Traders Buy Shares of The TJX Cos. (TJX) on Weakness
Investors purchased shares of The TJX Cos. (NYSE:TJX) on weakness during trading hours 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 equities 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
Several equities analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $92.00 price target on shares of The TJX Cos. in a research report on Wednesday, August 17th. MKM Partners reiterated a “buy” rating and issued a $83.00 target price on shares of The TJX Cos. in a research report on Thursday, May 19th. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 target price on shares of The TJX Cos. in a research report on Thursday, August 18th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a research report on Wednesday, August 17th. Finally, Zacks Investment Research lowered shares of The TJX Cos. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently 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 firm has a market cap of $51.01 billion and a PE 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.85 billion. The TJX Cos.’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that The TJX Cos. will post $3.48 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $1.04 annualized dividend and a dividend yield of 1.34%.
In other news, Director Jose B. Alvarez sold 1,158 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 700 shares in the company, valued at approximately $53,557. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Several institutional investors recently bought and sold shares of the company. US Bancorp DE raised its position in 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 during the last quarter. Schwab Charles Investment Management Inc. raised its position in 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 during the last quarter. Finally, 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.
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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