Somewhat Favorable News Coverage Somewhat Unlikely to Impact TJX Companies (TJX) Share Price
News articles about TJX Companies (NYSE:TJX) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TJX Companies earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the apparel and home fashions retailer an impact score of 46.6401057647757 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Dollar Tree Stock Performance in 2017 and Beyond (finance.yahoo.com)
- Is the sentiment expressed is pleasing? SLM Corporation (SLM), The TJX Companies, Inc. (TJX) – Market Movers (financialqz.com)
- 3 Dividend Stocks That Thrive in Both Bull and Bear Markets – Motley Fool (fool.com)
- Even without tax reform, Walmart needed to raise wages (finance.yahoo.com)
- Hot Tickers: The TJX Companies, Inc. (TJX), Entercom Communications Corp. (ETM) – Market Movers (financialqz.com)
TJX Companies (TJX) traded up $1.40 during trading hours on Tuesday, hitting $78.28. The stock had a trading volume of 3,912,400 shares, compared to its average volume of 3,755,967. TJX Companies has a 52-week low of $66.44 and a 52-week high of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. The firm has a market cap of $48,800.00, a PE ratio of 21.16, a PEG ratio of 1.88 and a beta of 0.75.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. TJX Companies’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. equities research analysts expect that TJX Companies will post 3.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s dividend payout ratio is presently 33.78%.
Several equities research analysts have weighed in on the company. Goldman Sachs Group downgraded TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price target on the stock. in a research report on Tuesday, December 5th. Wells Fargo & Co downgraded TJX Companies from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Jefferies Group restated a “hold” rating and set a $75.00 target price on shares of TJX Companies in a research report on Thursday, September 28th. Royal Bank of Canada restated a “buy” rating and set a $76.00 target price on shares of TJX Companies in a research report on Monday, September 18th. Finally, Cowen set a $88.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. TJX Companies has an average rating of “Buy” and an average target price of $81.95.
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About TJX Companies
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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