TJX Companies Inc Sentiment Worsening on Low Stock Potential

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Sentiment for TJX Companies Inc (NYSE:TJX)

TJX Companies Inc (NYSE:TJX) institutional sentiment decreased to 1.11 in 2019 Q2. Its down -0.12, from 1.23 in 2019Q1. The ratio fall, as 456 hedge funds increased or started new stock positions, while 410 decreased and sold stakes in TJX Companies Inc. The hedge funds in our partner’s database now hold: 1.02 billion shares, down from 1.03 billion shares in 2019Q1. Also, the number of hedge funds holding TJX Companies Inc in their top 10 stock positions decreased from 51 to 39 for a decrease of 12. Sold All: 50 Reduced: 360 Increased: 357 New Position: 99.

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 $68.40 billion. It operates through four divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. It has a 22.89 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 decreased 0.30% or $0.17 during the last trading session, reaching $56.58. About 3.42M shares traded. The TJX Companies, Inc. (NYSE:TJX) has risen 12.76% since September 13, 2018 and is uptrending. It has outperformed by 12.76% the S&P500.

Analysts await The TJX Companies, Inc. (NYSE:TJX) to report earnings on November, 19. They expect $0.66 EPS, up 4.76 % or $0.03 from last year’s $0.63 per share. TJX’s profit will be $797.89 million for 21.43 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by The TJX Companies, Inc. for the previous quarter, Wall Street now forecasts 6.45 % EPS growth.

Provident Trust Co holds 8.37% of its portfolio in The TJX Companies, Inc. for 4.62 million shares. Alecta Pensionsforsakring Omsesidigt owns 15.14 million shares or 6.55% of their US portfolio. Moreover, Bluespruce Investments Lp has 6.39% invested in the company for 3.02 million shares. The Florida-based Dudley & Shanley Inc. has invested 5.91% in the stock. General American Investors Co Inc, a New York-based fund reported 1.06 million shares.

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

Ratings analysis reveals 100% of TJX Companies’s analysts are positive. Out of 2 Wall Street analysts rating TJX Companies, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $5500 while the high is $60. The stock’s average target of $59 is 4.28% above today’s ($56.58) share price. TJX was included in 7 notes of analysts from April 16, 2019. Loop Capital upgraded the stock to “Buy” rating in Friday, August 16 report. The firm has “Buy” rating by Nomura given on Tuesday, June 25.

More notable recent The TJX Companies, Inc. (NYSE:TJX) news were published by: Investorplace.com which released: “TJX Earnings Will Beat the Print, but Will It Matter for TJ Maxx Stock? – Investorplace.com” on August 16, 2019, also Finance.Yahoo.com with their article: “Did TJX and Ross Stores Avoid the Retail Turmoil Last Quarter? – Yahoo Finance” published on August 19, 2019, Finance.Yahoo.com published: “As Growth Slows, Is TJX Companies’ Stock a Buy? – Yahoo Finance” on August 22, 2019. More interesting news about The TJX Companies, Inc. (NYSE:TJX) were released by: Benzinga.com and their article: “Earnings Scheduled For August 20, 2019 – Benzinga” published on August 20, 2019 as well as Fool.com‘s news article titled: “Burlington Stores Stock Rockets 17% Higher After Earnings Beat – Motley Fool” with publication date: August 29, 2019.

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

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