Short Interest to Follow: What Next for Tjx Companies (NYSE:TJX) Stock After Decrease in Shorted Shares?

November 17, 2016 - By Linda Rogers   ·   0 Comments

Short Interest to Follow: What Next for Tjx Companies (NYSE:TJX) Stock After Decrease in Shorted Shares?

The stock of Tjx Companies (NYSE:TJX) registered a decrease of 13.14% in short interest. TJX’s total short interest was 8.03 million shares in November as published by FINRA. Its down 13.14% from 9.24M shares, reported previously. With 3.92M shares average volume, it will take short sellers 2 days to cover their TJX’s short positions. The short interest to Tjx Companies’s float is 1.22%. About 2.90 million shares traded hands. TJX Companies Inc (NYSE:TJX) has declined 1.18% since April 15, 2016 and is downtrending. It has underperformed by 5.80% the S&P500.

The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States and across the world. The company has a market cap of $51.01 billion. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. It has a 22.26 P/E ratio. T.J.

Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.01, from 1 in 2016Q1. The ratio increased, as 50 funds sold all TJX Companies Inc shares owned while 366 reduced positions. 85 funds bought stakes while 337 increased positions. They now own 567.67 million shares or 3.41% less from 587.74 million shares in 2016Q1.
Davis R M Incorporated holds 1.45% or 381,829 shares in its portfolio. Cobblestone Cap Advsrs Ltd Liability Corporation last reported 82,145 shares in the company. Princeton Alpha Mgmt Lp holds 0.4% or 28,807 shares in its portfolio. 1St Source Retail Bank holds 17,159 shares or 0.15% of its portfolio. Grantham Mayo Van Otterloo & Ltd Limited Liability Company, a Massachusetts-based fund reported 752,797 shares. The Massachusetts-based Reynders Mcveigh Cap Ltd has invested 0.43% in TJX Companies Inc (NYSE:TJX). Montrusco Bolton Invests holds 1.01% or 205,687 shares in its portfolio. Caisse De Depot Et Placement Du Quebec has invested 0.01% of its portfolio in TJX Companies Inc (NYSE:TJX). Foundry Prtnrs Ltd holds 40,170 shares or 0.18% of its portfolio. Morgan Stanley accumulated 0.18% or 6.63 million shares. Savings Bank Of America De reported 9.99M shares or 0.18% of all its holdings. Daiwa Securities Group Inc holds 107,900 shares or 0.05% of its portfolio. The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.24% in TJX Companies Inc (NYSE:TJX). Stack Incorporated accumulated 284,038 shares or 2.79% of the stock. Pathstone Family Office Ltd Liability Corp has 0.01% invested in the company for 125 shares.

Insider Transactions: Since May 19, 2016, the stock had 0 insider purchases, and 3 insider sales for $6.87 million net activity. MEYROWITZ CAROL sold $4.91 million worth of TJX Companies Inc (NYSE:TJX) on Wednesday, June 1. $3.33M worth of TJX Companies Inc (NYSE:TJX) was sold by Herrman Ernie. Alvarez Jose B had sold 1,158 shares worth $88,603. On Thursday, May 19 the insider Sherr Richard sold $1.40 million.

TJX Companies Inc (NYSE:TJX) Ratings Coverage

Out of 20 analysts covering The TJX Companies (NYSE:TJX), 18 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 90% are positive. The TJX Companies has been the topic of 32 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Wells Fargo on Thursday, October 22. The stock of TJX Companies Inc (NYSE:TJX) earned “Outperform” rating by Cowen & Co on Thursday, February 25. The rating was maintained by Wedbush with “Outperform” on Thursday, February 25. The rating was maintained by Bernstein with “Outperform” on Wednesday, May 18. The firm has “Buy” rating given on Wednesday, August 19 by UBS. M Partners upgraded it to “Buy” rating and $83 target price in Thursday, September 17 report. Citigroup initiated the shares of TJX in a report on Wednesday, October 7 with “Buy” rating. On Tuesday, August 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by S&P Research on Wednesday, August 19 with “Buy”. The firm earned “Buy” rating on Thursday, February 25 by Deutsche Bank.

TJX Company Profile

The TJX Companies, Inc. (TJX), incorporated on April 9, 1962, is an off-price apparel and home fashions retailer in the United States and across the world. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. The Firm operates approximately 3,600 stores in various countries.

More recent TJX Companies Inc (NYSE:TJX) news were published by: Investorplace.com which released: “TJX Companies Inc Posts Poor Q4 Outlook” on November 15, 2016. Also Fool.com published the news titled: “The TJX Companies, Inc.: A High-Quality Bargain Stock” on October 27, 2016. Nasdaq.com‘s news article titled: “TJX Companies, Inc. (TJX) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016 was also an interesting one.

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By Linda Rogers


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