News headlines about TJX Companies (NYSE:TJX) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TJX Companies earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the apparel and home fashions retailer an impact score of 46.6661508521162 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- TJX hosts private meetings with Lordstown residents (tribtoday.com)
- TJX Companies’ Efforts Drive Comps, Wage Costs a Concern (msn.com)
- TJX Companies' Efforts Drive Comps, Wage Costs a Concern (finance.yahoo.com)
- Private meeting underway with Chamber, TJX Companies and … – Youngstown Vindicator (vindy.com)
- Chamber, TJX has private meeting with area residents on warehouse project – Youngstown Vindicator (vindy.com)
TJX has been the subject of several research analyst reports. Royal Bank of Canada set a $91.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, March 1st. BMO Capital Markets set a $94.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, March 1st. Buckingham Research reaffirmed a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of TJX Companies in a research note on Thursday, March 1st. SunTrust Banks set a $98.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, March 1st. Finally, Nomura set a $87.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $87.30.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $10.75 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. analysts forecast that TJX Companies will post 4.86 EPS for the current fiscal year.
TJX Companies declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 28th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, CEO Ernie Herrman sold 12,835 shares of TJX Companies stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $82.26, for a total value of $1,055,807.10. Following the completion of the transaction, the chief executive officer now owns 431,986 shares in the company, valued at $35,535,168.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 15,998 shares in the company, valued at approximately $1,324,794.38. The disclosure for this sale can be found here. Insiders sold 77,855 shares of company stock valued at $6,502,443 in the last quarter. 0.23% of the stock is owned by insiders.
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TJX Companies Company Profile
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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