Headlines about TJX Companies (NYSE:TJX) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TJX Companies earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines 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 effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Form 4 TJX COMPANIES INC /DE/ For: Apr 03 Filed by: MEYROWITZ CAROL (streetinsider.com)
- TJX is firm on center’s location (tribtoday.com)
- TJX Companies (TJX) Rewards Shareholders, Hikes Dividend (finance.yahoo.com)
- More big-box retailers open in development on former Camp Strake land (finance.yahoo.com)
- TJX Cos. (TJX) Raises Quarterly Dividend 24.8% to $0.39; Plans to Increase Buyback (streetinsider.com)
TJX stock opened at $84.96 on Friday. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $85.21. 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 $53,094.45, a price-to-earnings ratio of 21.03, a PEG ratio of 1.68 and a beta of 0.67.
The company also recently announced 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 is an increase from TJX Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.84%. TJX Companies’s dividend payout ratio is 30.94%.
TJX Companies declared that its board has authorized a share repurchase program on Wednesday, February 28th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its shares are undervalued.
A number of equities research analysts have recently weighed in on TJX shares. Cowen set a $88.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, December 13th. Guggenheim reissued a “buy” rating and issued a $86.00 target price on shares of TJX Companies in a research note on Friday, December 15th. Wells Fargo lowered TJX Companies from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $76.00 to $72.00 in a research note on Wednesday, January 3rd. Nomura reissued a “buy” rating and issued a $87.00 target price (up previously from $75.00) on shares of TJX Companies in a research note on Wednesday, January 17th. Finally, Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Saturday, January 20th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. TJX Companies has a consensus rating of “Buy” and an average price target of $87.30.
In related news, Chairman Carol Meyrowitz sold 43,020 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $84.00, for a total value of $840,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 77,855 shares of company stock worth $6,502,443 in the last quarter. Company 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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