Media stories about TJX Companies (NYSE:TJX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern 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 news sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the apparel and home fashions retailer an impact score of 46.5978613255953 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- TJX Companies (TJX) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Will These Stocks Remain Hot? The TJX Companies, Inc. (TJX), Adobe Systems Incorporated (ADBE) – Market Movers (financialqz.com)
- TJX Companies’ (TJX) Sales Driving Efforts to Boost Traffic – Nasdaq (nasdaq.com)
- TJX Companies Inc (TJX) Expected to Post Earnings of $1.27 Per Share (americanbankingnews.com)
- TJX Companies' (TJX) Sales Driving Efforts to Boost Traffic (finance.yahoo.com)
A number of brokerages have commented on TJX. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Saturday. Nomura cut their price target on shares of TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Wells Fargo & Co set a $76.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. Goldman Sachs Group set a $79.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley cut their price objective on shares of TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. TJX Companies currently has an average rating of “Buy” and an average price target of $82.53.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.00. The company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. research analysts forecast that TJX Companies will post 3.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.58%. TJX Companies’s payout ratio is 33.78%.
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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