TJX Companies, Inc. (The) (TJX) Getting Somewhat Positive News Coverage, Accern Reports
News headlines about TJX Companies, Inc. (The) (NYSE:TJX) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TJX Companies, Inc. (The) earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the apparel and home fashions retailer an impact score of 46.3898641322475 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- TJX COMPANIES INC : ex-dividend day (4-traders.com)
- TJX Companies, Inc. (The) (TJX) Stock Rating Reaffirmed by Credit Suisse Group (americanbankingnews.com)
- Zacks: Analysts Expect TJX Companies, Inc. (The) (TJX) to Announce $0.84 Earnings Per Share (americanbankingnews.com)
- The TJX Companies, Inc. (TJX) has a value of $70.16 per share While GNC Holdings, Inc. (GNC) is stand at $9.99 – Stocks Gallery (stocksgallery.com)
- TJX Companies, Inc. (The) (TJX) Scheduled to Post Earnings on Monday (americanbankingnews.com)
Shares of TJX Companies, Inc. (NYSE:TJX) traded down 0.34% during trading on Wednesday, hitting $71.26. 3,872,908 shares of the company were exchanged. The firm has a market capitalization of $45.84 billion, a PE ratio of 20.23 and a beta of 0.77. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $83.64. The firm’s 50-day moving average price is $70.00 and its 200 day moving average price is $75.12.
TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. The company had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.88 billion. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, equities research analysts expect that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is presently 35.51%.
TJX has been the subject of a number of research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Morgan Stanley raised shares of TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 target price for the company in a report on Wednesday, May 17th. BidaskClub raised shares of TJX Companies, Inc. (The) from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Credit Suisse Group reaffirmed a “hold” rating and set a $79.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Zacks Investment Research cut shares of TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $83.78.
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In related news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the sale, the executive vice president now owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the sale, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at approximately $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.
About TJX Companies, Inc. (The)
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 were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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