November 24, 2016 - By Clifton Ray · 0 Comments
TJX Companies Inc (NYSE:TJX) institutional sentiment decreased to 0.95 in 2016 Q2. Its down -0.06, from 1.01 in 2016Q1. The ratio dived, as 422 institutional investors opened new or increased stock positions, while 416 cut down and sold stock positions in TJX Companies Inc. The institutional investors in our partner’s database reported: 567.67 million shares, down from 587.74 million shares in 2016Q1. Also, the number of institutional investors holding TJX Companies Inc in their top 10 stock positions decreased from 72 to 64 for a decrease of 8. Sold All: 50 Reduced: 366 Increased: 337 New Position: 85.
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 $53.26 billion. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. It has a 23.07 P/E ratio. T.J.
The stock increased 0.15% or $0.12 on November 23, hitting $79.43. About 2.57M shares traded hands. TJX Companies Inc (NYSE:TJX) has risen 3.79% since April 22, 2016 and is uptrending. It has underperformed by 1.62% the S&P500.
Analysts await TJX Companies Inc (NYSE:TJX) to report earnings on February, 22. They expect $1.00 earnings per share, up 1.01% or $0.01 from last year’s $0.99 per share. TJX’s profit will be $670.53 million for 19.86 P/E if the $1.00 EPS becomes a reality. After $0.91 actual earnings per share reported by TJX Companies Inc for the previous quarter, Wall Street now forecasts 9.89% EPS growth.
According to Zacks Investment Research, “The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The Company operates T.J. Maxx, Marshalls, and HomeGoods stores in the United States, Winners, HomeSense, Marshalls, and STYLESENSE stores in Canada, and T.K. Maxx and HomeSense stores in Europe. The TJX Companies, Inc. is headquartered in Framingham, Massachusetts.”
Dock Street Asset Management Inc holds 12.16% of its portfolio in TJX Companies Inc for 178,048 shares. Horseman Capital Management Ltd owns 606,900 shares or 10.22% of their US portfolio. Moreover, Alecta Pensionsforsakring Omsesidigt has 9.09% invested in the company for 12.02 million shares. The New York-based Ruane Cunniff & Goldfarb Inc has invested 8.96% in the stock. Tyvor Capital Llc, a Illinois-based fund reported 331,109 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 sales for $5.53 million net activity.
Ratings analysis reveals 90% of The TJX Companies’s analysts are positive. Out of 20 Wall Street analysts rating The TJX Companies, 18 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $72 while the high is $91. The stock’s average target of $84.10 is 5.88% above today’s ($79.43) share price. TJX was included in 32 notes of analysts from August 10, 2015. The firm earned “Buy” rating on Wednesday, August 19 by S&P Research. Deutsche Bank maintained the stock with “Buy” rating in Thursday, February 25 report. The stock of TJX Companies Inc (NYSE:TJX) has “Market Perform” rating given on Wednesday, August 19 by Telsey Advisory Group. Wedbush maintained TJX Companies Inc (NYSE:TJX) rating on Wednesday, November 16. Wedbush has “Outperform” rating and $85 price target. On Thursday, December 17 the stock rating was initiated by BB&T Capital with “Buy”. Wolfe Research maintained TJX Companies Inc (NYSE:TJX) on Thursday, February 25 with “Outperform” rating. The stock of TJX Companies Inc (NYSE:TJX) earned “Buy” rating by Miller Tabak on Friday, June 24. The stock of TJX Companies Inc (NYSE:TJX) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 16. Citigroup initiated TJX Companies Inc (NYSE:TJX) rating on Wednesday, October 7. Citigroup has “Buy” rating and $88 price target. The firm earned “Buy” rating on Thursday, September 17 by M Partners.
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 important 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 article titled: “The TJX Companies, Inc.: A High-Quality Bargain Stock”, Seekingalpha.com published: “TJX Companies Is Unstoppable” on November 18, 2016. More interesting news about TJX Companies Inc (NYSE:TJX) was released by: Nasdaq.com and their article: “TJX Companies, Inc. (TJX) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016.
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By Clifton Ray