The stock of TJX Companies Inc (NYSE:TJX) is a huge mover today! About 709,800 shares traded hands. TJX Companies Inc (NYSE:TJX) has declined 0.96% since March 9, 2016 and is downtrending. It has underperformed by 8.37% the S&P500.
The move comes after 6 months positive chart setup for the $49.03 billion company. It was reported on Oct, 12 by Barchart.com. We have $109.14 PT which if reached, will make NYSE:TJX worth $22.06 billion more.
Analysts await TJX Companies Inc (NYSE:TJX) to report earnings on November, 15. They expect $0.85 EPS, down 1.16% or $0.01 from last year’s $0.86 per share. TJX’s profit will be $553.68M for 22.14 P/E if the $0.85 EPS becomes a reality. After $0.84 actual EPS reported by TJX Companies Inc for the previous quarter, Wall Street now forecasts 1.19% EPS growth.
TJX Companies Inc (NYSE:TJX) Ratings Coverage
Out of 19 analysts covering The TJX Companies (NYSE:TJX), 17 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are positive. The TJX Companies has been the topic of 28 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of TJX Companies Inc (NYSE:TJX) earned “Buy” rating by S&P Research on Wednesday, August 19. The stock of TJX Companies Inc (NYSE:TJX) has “Outperform” rating given on Wednesday, August 17 by Wedbush. The firm earned “Buy” rating on Thursday, February 25 by Deutsche Bank. BMO Capital Markets upgraded TJX Companies Inc (NYSE:TJX) rating on Tuesday, February 2. BMO Capital Markets has “Outperform” rating and $85 price target. The stock has “Outperform” rating given by Cowen & Co on Thursday, February 25. BB&T Capital initiated it with “Buy” rating and $86 target price in Thursday, December 17 report. UBS maintained TJX Companies Inc (NYSE:TJX) on Wednesday, August 19 with “Buy” rating. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, August 18. The firm has “Buy” rating by Citigroup given on Wednesday, October 7. RBC Capital Markets initiated it with “Outperform” rating and $82 target price in Friday, November 6 report.
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.”
Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.01, from 1 in 2016Q1. The ratio improved, 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.
Shellback Cap Lp, a Massachusetts-based fund reported 540,000 shares. First National Trust accumulated 15,194 shares or 0.18% of the stock. Lazard Asset reported 339,685 shares or 0.06% of all its holdings. Amp Invsts reported 357,741 shares or 0.18% of all its holdings. The New York-based New York State Teachers Retirement Systems has invested 0.24% in TJX Companies Inc (NYSE:TJX). Johnson Counsel Inc holds 1.03% or 406,714 shares in its portfolio. Moreover, Kistler has 0.12% invested in TJX Companies Inc (NYSE:TJX) for 2,941 shares. Winfield Associates last reported 0.01% of its portfolio in the stock. Macquarie Group Incorporated Limited has 0.05% invested in the company for 331,249 shares. Sarasin And Ltd Liability Partnership holds 1.72 million shares or 2.21% of its portfolio. Oppenheimer And Inc holds 0.06% of its portfolio in TJX Companies Inc (NYSE:TJX) for 26,159 shares. The Connecticut-based Essex Financial Services has invested 0.12% in TJX Companies Inc (NYSE:TJX). The New York-based New York Life Tru Communications has invested 0.08% in TJX Companies Inc (NYSE:TJX). Quantitative Systematic Strategies has 20,447 shares for 0.73% of their US portfolio. Voloridge Inv Management Limited Liability Company accumulated 0.99% or 446,768 shares.
Insider Transactions: Since April 15, 2016, the stock had 0 buys, and 5 sales for $11.60 million net activity. Sherr Richard sold 18,532 shares worth $1.40 million. The insider Herrman Ernie sold $1.87 million. MEYROWITZ CAROL also sold $4.91 million worth of TJX Companies Inc (NYSE:TJX) shares. Shares for $1.34 million were sold by Goldenberg Scott on Friday, April 15. 1,158 shares with value of $88,603 were sold by Alvarez Jose B on Wednesday, June 15.
More news for TJX Companies Inc (NYSE:TJX) were recently published by: Seekingalpha.com, which released: “TJX Companies Dividend Poised To Fly Off The Rack” on October 11, 2016. Seekingalpha.com‘s article titled: “TJX – Time To Move On” and published on October 10, 2016 is yet another important article.
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.
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