Headlines about TJX Companies (NYSE:TJX) have trended somewhat positive on Tuesday, according to Alpha One Sentiment Analysis. The research firm, a service of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TJX Companies earned a media sentiment score of 0.02 on Alpha One’s scale. Alpha One also assigned news coverage about the apparel and home fashions retailer an impact score of 61 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Alpha One Sentiment’s analysis:
- TJX Companies Inc. (TJX) Has Dropped To A 3-Month Low On Weak Forecast (rttnews.com)
- TJX Companies (TJX) Beats Q1 Earnings; Sales Lags Estimates (talkmarkets.com)
- BRIEF-TJX Q1 earnings per share $0.82 (reuters.com)
- TJX Companies Inc (NYSE: TJX) stock falls on weak results (fxdailyreport.com)
- T.J. Maxx’s Star Fades (finance.yahoo.com)
TJX Companies (NYSE:TJX) traded down 4.08% during midday trading on Tuesday, hitting $73.76. The company’s stock had a trading volume of 15,321,759 shares. The company has a market cap of $47.62 billion, a price-to-earnings ratio of 21.32 and a beta of 0.70. TJX Companies has a one year low of $71.50 and a one year high of $83.64. The company’s 50-day moving average is $78.07 and its 200 day moving average is $76.99. TJX Companies also was the recipient of some unusual options trading on Monday. Traders purchased 7,451 put options on the stock. This represents an increase of approximately 1,856% compared to the average volume of 381 put options.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies had a return on equity of 53.12% and a net margin of 7.00%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. On average, analysts predict that TJX Companies will post $3.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.69%. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, May 9th. TJX Companies’s payout ratio is presently 30.41%.
Several analysts have recently issued reports on TJX shares. Royal Bank of Canada set a $82.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Monday, March 27th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Tuesday, April 25th. Instinet increased their target price on shares of TJX Companies from $83.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, April 3rd. Credit Suisse Group AG reiterated a “hold” rating and set a $77.00 target price on shares of TJX Companies in a research report on Friday, February 17th. Finally, Jefferies Group LLC set a $80.00 price target on shares of TJX Companies and gave the stock a “hold” rating in a report on Wednesday, February 22nd. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $85.24.
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In other news, CFO Scott Goldenberg sold 15,571 shares of the company’s stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $77.14, for a total transaction of $1,201,146.94. Following the completion of the transaction, the chief financial officer now directly owns 105,844 shares of the company’s stock, valued at approximately $8,164,806.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Macmillan sold 21,180 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $78.50, for a total value of $1,662,630.00. Following the completion of the sale, the executive vice president now directly owns 148,820 shares of the company’s stock, valued at $11,682,370. The disclosure for this sale can be found here. Insiders have sold a total of 56,751 shares of company stock valued at $4,426,377 over the last three months. 0.30% of the stock is currently owned by insiders.
TJX Companies Company Profile
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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