Investors Buy Shares of TJX Companies (TJX) on Weakness

Investors purchased shares of TJX Companies Inc (NYSE:TJX) on weakness during trading 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 equities 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

Several equities research analysts have recently weighed in on the stock. Goldman Sachs Group downgraded shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price on the stock. in a research note on Tuesday, December 5th. Wells Fargo & Co downgraded shares of TJX Companies from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Nomura reissued a “buy” rating and issued a $87.00 target price (up previously from $75.00) on shares of TJX Companies in a research note on Wednesday. Jefferies Group reissued a “hold” rating and issued a $75.00 target price on shares of TJX Companies in a research note on Thursday, September 28th. Finally, Cowen set a $88.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $82.32.

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.53 and a quick ratio of 0.67. The stock has a market capitalization of $49,290.00, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.83 and a beta of 0.75.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.00. The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. research analysts expect that TJX Companies Inc will post 3.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.

Institutional investors have recently modified their holdings of the business. Zions Bancorporation grew its holdings in TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 883 shares in the last quarter. Lenox Wealth Management Inc. bought a new position in TJX Companies during the 2nd quarter worth about $141,000. Highlander Capital Management LLC grew its holdings in TJX Companies by 31.3% during the 2nd quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock worth $150,000 after acquiring an additional 500 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in TJX Companies by 20.2% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock worth $144,000 after acquiring an additional 353 shares in the last quarter. Finally, FTB Advisors Inc. grew its holdings in TJX Companies by 1.6% during the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 90.40% of the company’s stock.

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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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