TJX Companies Inc Stock as Institutional Investors Enter

September 30, 2018 - By William Brooks

The TJX Companies, Inc. (NYSE:TJX) Logo

Sentiment for TJX Companies Inc (NYSE:TJX)

TJX Companies Inc (NYSE:TJX) institutional sentiment increased to 1.01 in Q2 2018. Its up 0.10, from 0.91 in 2018Q1. The ratio improved, as 423 investment managers opened new and increased holdings, while 419 trimmed and sold stakes in TJX Companies Inc. The investment managers in our partner’s database reported: 527.52 million shares, down from 535.05 million shares in 2018Q1. Also, the number of investment managers holding TJX Companies Inc in their top 10 holdings increased from 39 to 49 for an increase of 10. Sold All: 43 Reduced: 376 Increased: 321 New Position: 102.

The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally. The company has market cap of $69.54 billion. It operates through four divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. It has a 23.95 P/E ratio. The firm 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.

The stock increased 0.19% or $0.21 during the last trading session, reaching $112.02. About 3.40 million shares traded or 2.08% up from the average. The TJX Companies, Inc. (NYSE:TJX) has risen 49.97% since September 30, 2017 and is uptrending. It has outperformed by 34.35% the S&P500.

Analysts await The TJX Companies, Inc. (NYSE:TJX) to report earnings on November, 13. They expect $1.21 earnings per share, up 21.00 % or $0.21 from last year’s $1 per share. TJX’s profit will be $751.12M for 23.14 P/E if the $1.21 EPS becomes a reality. After $1.17 actual earnings per share reported by The TJX Companies, Inc. for the previous quarter, Wall Street now forecasts 3.42 % EPS growth.

Bluespruce Investments Lp holds 7.6% of its portfolio in The TJX Companies, Inc. for 825,389 shares. Provident Trust Co owns 2.13 million shares or 7.51% of their US portfolio. Moreover, Alecta Pensionsforsakring Omsesidigt has 6.57% invested in the company for 8.26 million shares. The New York-based General American Investors Co Inc has invested 5.62% in the stock. St. James Investment Company Llc, a Texas-based fund reported 496,002 shares.

Since January 1, 0001, it had 0 insider buys, and 4 sales for $3.27 million activity.

The TJX Companies, Inc. (NYSE:TJX) Ratings Coverage

Ratings analysis reveals 65% of TJX Companies’s analysts are positive. Out of 17 Wall Street analysts rating TJX Companies, 11 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $87 while the high is $130. The stock’s average target of $107 is -4.48% below today’s ($112.02) share price. TJX was included in 21 notes of analysts from April 9, 2018. Cowen & Co maintained The TJX Companies, Inc. (NYSE:TJX) rating on Monday, April 9. Cowen & Co has “Buy” rating and $9800 target. Bank of America maintained The TJX Companies, Inc. (NYSE:TJX) rating on Wednesday, August 22. Bank of America has “Buy” rating and $120 target. As per Wednesday, May 23, the company rating was maintained by Credit Suisse. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Buy” rating by Nomura on Monday, June 4. Buckingham Research maintained the shares of TJX in report on Monday, August 20 with “Buy” rating. The firm has “Buy” rating by Buckingham Research given on Wednesday, May 23. The stock has “Neutral” rating by Atlantic Securities on Tuesday, June 26. On Monday, August 20 the stock rating was maintained by Deutsche Bank with “Buy”. Morgan Stanley maintained the shares of TJX in report on Thursday, August 23 with “Overweight” rating. The company was initiated on Monday, April 30 by Deutsche Bank.

More recent The TJX Companies, Inc. (NYSE:TJX) news were published by: Seekingalpha.com which released: “The TJX Companies approves 2-for-1 stock split and declares common stock dividend” on September 17, 2018. Also Seekingalpha.com published the news titled: “We’ve Reached Peak TJX” on September 12, 2018. Benzinga.com‘s news article titled: “Retail Picks: DA Davidson Bullish On PVH, TJX, Burlington, Canada Goose, Neutral On Lululemon” with publication date: September 29, 2018 was also an interesting one.

The TJX Companies, Inc. (NYSE:TJX) Institutional Positions Chart

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