Investors bid down TJX Companies after earnings

Investors bid down TJX Companies after earnings

TJX blamed its relatively disappointing top-line performance on the same issues that hurt other apparel-centric retailers like Kohl's last quarter. NY raised its position in TJX Companies, Inc. (The) worth $32,493,000 at the end of the most recent quarter. ZWJ Investment Counsel Inc. bought a new position in shares of TJX Companies, Inc. Mufg Americas has 0.24% invested in TJX Companies Inc (NYSE:TJX). (The) by 9.4% in the second quarter. On Thursday, June 1 the insider Canestrari Kenneth sold $303,211. Schwab Charles Invest Management holds 0.16% or 2.35 million shares in its portfolio. Yet this trend didn't continue in the third quarter. The Atlantic Trust Group Llc holds 884,810 shares with $63.86M value, down from 904,545 last quarter. Energy Income Partners Llc, a Connecticut-based fund reported 537,381 shares. (The) in the third quarter worth $2,083,000. Shares for $89,110 were sold by Sherr Richard. (The) by 7.9% in the second quarter. The Dnb Asset Management As holds 922,148 shares with $30.97 billion value, up from 895,848 last quarter. Finally, Sanford C. Bernstein assumed coverage on TJX Companies, Inc. At Savings Bank invested in 2,424 shares or 0.02% of the stock.

TJX has been the subject of several analyst reports. On October 19 Buckingham Research maintained a stock rating of "Buy" projecting a price of $85.00. Zacks Investment Research lowered TJX Companies, Inc.

Among 26 analysts covering The TJX Companies (NYSE:TJX), 23 have Buy rating, 0 Sell and 3 Hold. NY's holdings in TJX Companies, Inc. The firm earned "Outperform" rating on Thursday, October 22 by Wells Fargo. As per Thursday, February 25, the company rating was maintained by Wedbush. The firm has "Buy" rating given on Thursday, September 28 by Cowen & Co. Royal Bank Of Canada reaffirmed a "buy" rating and set a $76.00 price objective on shares of TJX Companies, Inc. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. RBC Capital Markets maintained TJX Companies Inc (NYSE:TJX) on Monday, July 24 with "Buy" rating.

COPYRIGHT VIOLATION NOTICE: "TJX Companies, Inc". 550.70 million shares or 0.52% less from 553.56 million shares in 2017Q1 were reported. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright legislation. Cibc Mkts Corporation holds 0.07% or 90,896 shares. (NYSE:TJX) has performed 3.71%. (NYSE:TJX) has an average volume of 3.8 Million.

TJX Companies, Inc. has a 1 year low of $66.65 and a 1 year high of $80.92. Moreover, Azimuth Cap Mngmt Limited Liability has 0.17% invested in TJX Companies Inc (NYSE:TJX) for 29,537 shares. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.80 and a current ratio of 1.63.

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More recent Choice Hotels International Inc (NYSE:CHH) news were published by: Prnewswire.com which released: "Choice Hotels International Reports Third Quarter Financial Results" on November 06, 2017. After $0.85 actual earnings per share reported by TJX Companies Inc for the previous quarter, Wall Street now forecasts 17.65% EPS growth.

The Framingham, Mass. -based company's net income rose to $641.44 million, or $1 per share in the third quarter ended October 28, from $550 million, or 83 cents per share, a year earlier. TJX Companies Inc (NYSE:TJX) has declined 2.02% since November 13, 2016 and is downtrending.

Revenues rose 5.7% from past year to $8.76 billion, falling short of analysts' view for $8.86 billion. The company's quarterly revenue of $8.76 billion missed the average analyst estimate by approximately $100 million.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.83%. Barclays Capital maintained it with "Overweight" rating and $79.0 target in Wednesday, February 8 report. This makes it all the more impressive that some department store companies, including Kohl's (NYSE: KSS), did manage to eke out comp sales gains last quarter.

In other news, CEO Ernie Herrman sold 20,000 shares of the company's stock in a transaction that occurred on Friday, September 1st. Following the transaction, the chief executive officer now owns 480,821 shares in the company, valued at $34,869,138.92. Valley National Advisers invested 0.01% of its portfolio in TJX Companies Inc (NYSE:TJX).

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