Press coverage about TJX Companies (NYSE:TJX) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TJX Companies earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the apparel and home fashions retailer an impact score of 46.7309176612101 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- DHL renews pan-European logistics contract with TJX Europe for five years (retailtimes.co.uk)
- Interesting TJX Put And Call Options For June 15th (nasdaq.com)
- TJX Companies Also Offers A Quality Off-Priced Stock! (seekingalpha.com)
- Lordstown Residents ‘Disheartened’ at Opposition to TJX (businessjournaldaily.com)
- Area leaders must drive vision, growth (tribtoday.com)
NYSE TJX traded up $0.75 on Monday, hitting $83.23. 2,153,587 shares of the company were exchanged, compared to its average volume of 4,322,151. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. The company has a market cap of $52,152.32, a PE ratio of 20.60, a PEG ratio of 1.65 and a beta of 0.67. TJX Companies has a twelve month low of $66.44 and a twelve month high of $85.21.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, May 16th. This is an increase from TJX Companies’s previous quarterly dividend of $0.31. TJX Companies’s payout ratio is presently 30.94%.
TJX Companies announced that its board has initiated a stock buyback program on Wednesday, February 28th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
A number of equities research analysts recently weighed in on the stock. Cowen restated a “buy” rating and set a $98.00 price objective on shares of TJX Companies in a research note on Monday, April 9th. Credit Suisse Group assumed coverage on shares of TJX Companies in a research note on Monday, March 12th. They set a “neutral” rating and a $85.00 price objective on the stock. Loop Capital assumed coverage on shares of TJX Companies in a research note on Thursday, March 8th. They set a “hold” rating and a $84.00 price objective on the stock. Zacks Investment Research cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. Finally, Northcoast Research set a $90.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Friday, March 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. TJX Companies has a consensus rating of “Buy” and a consensus price target of $87.60.
In other TJX Companies news, Director Amy B. Lane sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $82.81, for a total transaction of $82,810.00. Following the sale, the director now owns 15,998 shares in the company, valued at approximately $1,324,794.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Carol Meyrowitz sold 43,020 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $83.77, for a total value of $3,603,785.40. Following the sale, the chairman now owns 294,098 shares in the company, valued at approximately $24,636,589.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,199 shares of company stock worth $9,532,558. Corporate insiders own 0.23% of the company’s stock.
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TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise.
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