Investors Buy TJX Companies (TJX) on Weakness
Traders purchased shares of TJX Companies Inc (NYSE:TJX) on weakness during trading hours on Wednesday. $77.28 million flowed into the stock on the tick-up and $42.94 million flowed out of the stock on the tick-down, for a money net flow of $34.34 million into the stock. Of all stocks tracked, TJX Companies had the 11th highest net in-flow for the day. TJX Companies traded down ($0.01) for the day and closed at $76.58
A number of equities research analysts have commented on the company. Jefferies Group reissued a “hold” rating and set a $75.00 price target on shares of TJX Companies in a report on Thursday, September 28th. Nomura reissued a “buy” rating and set a $87.00 price target (up from $75.00) on shares of TJX Companies in a report on Wednesday. Goldman Sachs Group set a $79.00 price target on TJX Companies and gave the company a “buy” rating in a report on Wednesday, November 15th. Citigroup decreased their price target on TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies and gave the company a “buy” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. TJX Companies has an average rating of “Buy” and a consensus target price of $82.55.
The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company has a market cap of $48,730.00, a price-to-earnings ratio of 20.70, a PEG ratio of 1.88 and a beta of 0.75.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. analysts expect that TJX Companies Inc will post 3.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.63%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.
Several hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in TJX Companies by 278.1% during the second quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after acquiring an additional 4,994,846 shares during the last quarter. BlackRock Inc. increased its stake in TJX Companies by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after acquiring an additional 1,996,874 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in TJX Companies by 63.5% during the second quarter. Fiduciary Management Inc. WI now owns 4,667,352 shares of the apparel and home fashions retailer’s stock worth $336,843,000 after acquiring an additional 1,813,259 shares during the last quarter. Bessemer Group Inc. increased its stake in TJX Companies by 2,438.3% during the third quarter. Bessemer Group Inc. now owns 1,529,329 shares of the apparel and home fashions retailer’s stock worth $112,758,000 after acquiring an additional 1,469,079 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in TJX Companies by 9,096.8% during the third quarter. Stifel Financial Corp now owns 1,380,987 shares of the apparel and home fashions retailer’s stock worth $101,787,000 after acquiring an additional 1,365,971 shares during the last quarter. 90.40% of the stock is currently owned by hedge funds and other institutional investors.
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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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