News coverage about TJX Companies (NYSE:TJX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TJX Companies earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the apparel and home fashions retailer an impact score of 46.853733364951 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- HomeGoods looks to Lordstown for development – Youngstown Vindicator (vindy.com)
- May This Data Fuel Up Investor’s Confidence: The TJX Companies Inc (NYSE: TJX) – Alpha Beta Stock (alphabetastock.com)
- What are America's Favorite Value Retailers? (finance.yahoo.com)
- Signals from Technical Perspective: The TJX Companies Inc (NYSE: TJX) – Alpha Beta Stock (alphabetastock.com)
- TJX Companies (TJX) Coverage Initiated at Loop Capital (americanbankingnews.com)
Several equities analysts have recently weighed in on TJX shares. Wells Fargo & Co lowered shares of TJX Companies from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $76.00 to $72.00 in a research report on Wednesday, January 3rd. Guggenheim reissued a “buy” rating and issued a $86.00 price objective on shares of TJX Companies in a research report on Friday, December 15th. Zacks Investment Research lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Royal Bank of Canada set a $70.00 price objective on shares of TJX Companies and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Finally, Goldman Sachs Group lowered shares of TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 price objective on the stock. in a research report on Tuesday, December 5th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.75.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.10. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The business had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.75 billion. During the same period last year, the firm earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 15.8% compared to the same quarter last year. analysts anticipate that TJX Companies will post 4.86 EPS for the current fiscal year.
TJX Companies declared that its board has approved a share repurchase program on Wednesday, February 28th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
In other TJX Companies news, CEO Ernie Herrman sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $84.00, for a total value of $840,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Carol Meyrowitz sold 43,020 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $83.77, for a total transaction of $3,603,785.40. Following the completion of the transaction, the chairman now directly owns 294,098 shares in the company, valued at $24,636,589.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,020 shares of company stock worth $5,446,635. 0.23% of the stock is owned by insiders.
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About TJX Companies
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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