TJX Companies Shares Slide as Retailer Misses Sales Estimate

Maple Capital Management Cut Plains All Amer Pipeline LP (PAA) Stake; 23 Analysts Bullish TJX Companies (TJX)

TJX Companies Inc shares fell $3.66 (-5.17%) in premarket trading Tuesday. The TJX Companies had 56 analyst reports since August 10, 2015 according to SRatingsIntel. The institutional investor purchased 28,252 shares of the apparel and home fashions retailer's stock, valued at approximately $2,083,000.

Several brokerages recently commented on TJX. The stock of TJX Companies Inc (NYSE:TJX) has "Market Perform" rating given on Wednesday, August 19 by Telsey Advisory Group. (The) in the first quarter worth about $130,000.

Panagora Asset Management Inc increased Tjx Companies Inc (TJX) stake by 189.99% reported in 2017Q2 SEC filing.

Ernie Herrman, Chief Executive Officer and President of The TJX Companies, said that the hurricanes had a negative impact during the quarter. Tjx Cos Inc New now has $44.68B valuation. (The) in the second quarter worth about $141,000. Mosaic Family Wealth LLC increased its stake in shares of TJX Companies, Inc. (The) by 7.2% in the second quarter. They expect $1.00 earnings per share, up 9.89% or $0.09 from last year's $0.91 per share. Finally, Royal Bank Of Canada lowered their target price on shares of TJX Companies, Inc. The stock declined 4.07% or $2.88 reaching $67.8 per share.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 92.7 Percent. TJX Companies, Inc. has a twelve month low of $66.65 and a twelve month high of $80.92. About 188 shares traded. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.63 and a quick ratio of 0.80.

Analysts await TJX Companies Inc (NYSE:TJX) to report earnings on November, 14 before the open. Federated Invsts Pa accumulated 1.05M shares or 0.22% of the stock.

Still, the company's sales increased 6 percent to $8.8 billion but were just below market watchers' forecast for sales of $8.9 billion. Salem Inv Counselors Incorporated reported 0% in TJX Companies Inc (NYSE:TJX). Its mean Altman Z-Score: 7.53 during the last 7 years, while average Beneish M-Score: -2.87 during the last 7 years. Out of 8 Wall Street analysts rating Centene, 5 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold".

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. The stock increased 0.32% or $0.02 on November 10, reaching $6.19. This represents a $1.25 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)'s payout ratio is 35.41%.

On average, 25 analysts polled by Thomson Reuters expected earnings of $1.00 per share. The stock of TJX Companies Inc (NYSE:TJX) has "Neutral" rating given on Wednesday, August 16 by Credit Suisse. Buckingham Research reinitiated TJX Companies Inc (NYSE:TJX) rating on Thursday, October 19. Hanson Mcclain Inc accumulated 28 shares or 0% of the stock. The firm has "Buy" rating given on Wednesday, July 12 by BMO Capital Markets. (The) in a research report on Monday, September 18th. Orrstown Fincl Services has invested 1.23% of its portfolio in TJX Companies Inc (NYSE:TJX). They issued an "outperform" rating and a $88.00 price objective on the stock. The TJX Cos. now has an average rating of "Buy" and an average target price of $83.51. Susquehanna initiated TJX Companies Inc (NYSE:TJX) on Friday, February 10 with "Positive" rating. Shares for $89,110 were sold by Sherr Richard. $83.46's average target is 17.95% above currents $70.76 stock price.

Salient Trust Company Lta decreased Vanguard Index Fds (VO) stake by 34,000 shares to 2,336 valued at $333,000 in 2017Q2.

TRADEMARK VIOLATION WARNING: "FDx Advisors Inc". It also reduced Huron Consulting Group Inc (NASDAQ:HURN) stake by 17,095 shares and now owns 21,481 shares. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & global trademark and copyright legislation. The correct version of this news story can be read at https://weekherald.com/2017/11/14/sumitomo-mitsui-asset-management-company-ltd-boosts-stake-in-tjx-companies-inc-the-tjx.html. TJX Companies Inc (NYSE:TJX) has declined 2.02% since November 13, 2016 and is downtrending. The Company operates T.J. Maxx, Marshalls, and HomeGoods stores in the United States, Winners, HomeSense, Marshalls, and STYLESENSE stores in Canada, and T.K. Maxx and HomeSense stores in Europe.

Want to see what other hedge funds are holding TJX?

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