Traders Buy Shares of TJX Companies (TJX) on Weakness

Traders purchased shares of TJX Companies Inc (NYSE:TJX) on weakness during trading on Thursday. $77.98 million flowed into the stock on the tick-up and $46.97 million flowed out of the stock on the tick-down, for a money net flow of $31.01 million into the stock. Of all stocks tracked, TJX Companies had the 26th highest net in-flow for the day. TJX Companies traded down ($0.18) for the day and closed at $47.09

A number of equities research analysts recently commented on TJX shares. Citigroup lifted their target price on TJX Companies from $55.50 to $62.50 and gave the stock a “buy” rating in a report on Tuesday, October 16th. DA Davidson assumed coverage on TJX Companies in a report on Tuesday, September 25th. They issued a “buy” rating and a $65.00 price target for the company. Cowen set a $62.50 price target on TJX Companies and gave the company a “buy” rating in a report on Tuesday, September 25th. ValuEngine downgraded TJX Companies from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 7th. Finally, Barclays set a $59.00 price target on TJX Companies and gave the company a “hold” rating in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company. TJX Companies currently has an average rating of “Buy” and an average price target of $53.58.

The stock has a market cap of $58.29 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 0.63.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. The business had revenue of $9.83 billion during the quarter, compared to analysts’ expectations of $9.50 billion. TJX Companies had a return on equity of 59.74% and a net margin of 7.98%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. Analysts forecast that TJX Companies Inc will post 2.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Thursday, February 14th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, February 13th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

Several institutional investors have recently bought and sold shares of the company. Accurate Investment Solutions Inc. increased its position in shares of TJX Companies by 100.0% during the fourth quarter. Accurate Investment Solutions Inc. now owns 5,600 shares of the apparel and home fashions retailer’s stock worth $251,000 after purchasing an additional 2,800 shares in the last quarter. Edge Wealth Management LLC increased its position in shares of TJX Companies by 100.0% during the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock worth $29,000 after purchasing an additional 325 shares in the last quarter. Global Trust Asset Management LLC increased its position in shares of TJX Companies by 41.9% during the fourth quarter. Global Trust Asset Management LLC now owns 16,492 shares of the apparel and home fashions retailer’s stock worth $738,000 after purchasing an additional 4,866 shares in the last quarter. YHB Investment Advisors Inc. increased its position in shares of TJX Companies by 152.4% during the fourth quarter. YHB Investment Advisors Inc. now owns 119,751 shares of the apparel and home fashions retailer’s stock worth $5,358,000 after purchasing an additional 72,314 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its position in shares of TJX Companies by 107.0% during the fourth quarter. Sheets Smith Wealth Management now owns 53,174 shares of the apparel and home fashions retailer’s stock worth $2,379,000 after purchasing an additional 27,487 shares in the last quarter. Institutional investors and hedge funds own 44.61% of the company’s stock.

WARNING: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.com-unik.info/2019/01/12/traders-buy-shares-of-tjx-companies-tjx-on-weakness.html.

About TJX Companies (NYSE:TJX)

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Featured Article: Understanding Average Daily Trade Volume

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit