Investors Sell TJX Companies (TJX) on Strength (TJX)
Traders sold shares of TJX Companies Inc (NYSE:TJX) on strength during trading on Tuesday. $39.83 million flowed into the stock on the tick-up and $106.78 million flowed out of the stock on the tick-down, for a money net flow of $66.95 million out of the stock. Of all companies tracked, TJX Companies had the 12th highest net out-flow for the day. TJX Companies traded up $0.60 for the day and closed at $110.32
Several research firms have recently issued reports on TJX. Morgan Stanley upped their price objective on TJX Companies from $99.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, August 23rd. MKM Partners set a $120.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Royal Bank of Canada upped their target price on TJX Companies to $114.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Nomura upped their target price on TJX Companies from $97.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, June 4th. Finally, Wedbush started coverage on TJX Companies in a research report on Friday, June 22nd. They issued a “neutral” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $104.92.
The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. The company has a market cap of $68.10 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.10 and a beta of 0.73.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.41%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 38.61%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in shares of TJX Companies by 4.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 29,103 shares of the apparel and home fashions retailer’s stock worth $2,374,000 after buying an additional 1,244 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of TJX Companies by 26.4% during the 1st quarter. Stratos Wealth Partners LTD. now owns 10,462 shares of the apparel and home fashions retailer’s stock worth $854,000 after buying an additional 2,187 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in shares of TJX Companies during the 1st quarter worth approximately $241,000. Csenge Advisory Group raised its stake in shares of TJX Companies by 31.9% during the 1st quarter. Csenge Advisory Group now owns 7,061 shares of the apparel and home fashions retailer’s stock worth $576,000 after buying an additional 1,708 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in shares of TJX Companies by 13.9% during the 1st quarter. Norinchukin Bank The now owns 57,939 shares of the apparel and home fashions retailer’s stock worth $4,726,000 after buying an additional 7,066 shares in the last quarter. 89.71% of the stock is owned by hedge funds and other institutional investors.
TJX Companies Company Profile (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.
Further Reading: Fundamental Analysis and Individual Investors
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