Can analysts adopt a bullish outlook for The TJX Companies, Inc. (NYSE:TJX)?

October 2, 2018 - By Peter Kolinski

The TJX Companies, Inc. (NYSE:TJX) LogoInvestors sentiment increased to 1.01 in Q2 2018. Its up 0.10, from 0.91 in 2018Q1. It is positive, as 43 investors sold The TJX Companies, Inc. shares while 376 reduced holdings. 102 funds opened positions while 321 raised stakes. 527.52 million shares or 1.41% less from 535.05 million shares in 2018Q1 were reported.
27,265 are owned by 1St Source Commercial Bank. Hsbc Plc, a United Kingdom-based fund reported 468,928 shares. Silvercrest Asset Management Gru Limited Liability Corp accumulated 109,220 shares. Cannell Peter B And reported 1.44% stake. Central Natl Bank Co owns 16,291 shares. Credit Agricole S A has invested 0.62% in The TJX Companies, Inc. (NYSE:TJX). 16,272 were accumulated by Grandfield And Dodd Limited Liability. Moors & Cabot Incorporated holds 0.65% in The TJX Companies, Inc. (NYSE:TJX) or 51,093 shares. Lombard Odier Asset Mngmt (Europe) Limited invested in 0.05% or 6,466 shares. Blume Cap Management Incorporated holds 0.02% in The TJX Companies, Inc. (NYSE:TJX) or 400 shares. Reilly Herbert Faulkner Iii invested in 3.19% or 61,505 shares. Oregon Public Employees Retirement Fund, a Oregon-based fund reported 186,529 shares. Utd Automobile Association holds 0% or 9,356 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt accumulated 724,900 shares. Prudential Finance stated it has 864,477 shares or 0.12% of all its holdings.

Since April 18, 2018, it had 0 buys, and 4 selling transactions for $3.27 million activity. $1.36M worth of The TJX Companies, Inc. (NYSE:TJX) was sold by Goldenberg Scott. 20,000 shares valued at $1.67 million were sold by Sherr Richard on Wednesday, April 18.

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

Among 17 analysts covering TJX Companies (NYSE:TJX), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. TJX Companies had 21 analyst reports since April 9, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Atlantic Securities given on Tuesday, June 26. The company was initiated on Monday, April 30 by Deutsche Bank. Buckingham Research maintained The TJX Companies, Inc. (NYSE:TJX) rating on Monday, August 20. Buckingham Research has “Buy” rating and $112 target. Cowen & Co maintained The TJX Companies, Inc. (NYSE:TJX) on Monday, April 9 with “Buy” rating. On Wednesday, August 22 the stock rating was maintained by Wells Fargo with “Market Perform”. Credit Suisse maintained the shares of TJX in report on Wednesday, August 22 with “Neutral” rating. The company was maintained on Wednesday, August 22 by Bank of America. On Thursday, August 23 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Credit Suisse with “Neutral” on Friday, June 22. Credit Suisse maintained it with “Neutral” rating and $90 target in Wednesday, May 23 report. Below is a list of The TJX Companies, Inc. (NYSE:TJX) latest ratings and price target changes.

26/09/2018 Broker: DA Davidson Rating: Buy New Target: $130 Initiates Coverage On
11/09/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $117 Initiates Coverage On
04/09/2018 Broker: Goldman Sachs Rating: Buy New Target: $126 Initiates Coverage On
23/08/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $99 New Target: $119 Maintain
22/08/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $110 New Target: $120 Maintain
22/08/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $100 New Target: $108 Maintain
22/08/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $83 New Target: $112 Maintain
20/08/2018 Broker: Buckingham Research Old Rating: Buy New Rating: Buy Old Target: $100 New Target: $112 Maintain
20/08/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $100 New Target: $105 Maintain
31/07/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $96 New Target: $111 Maintain

The stock decreased 0.54% or $0.61 during the last trading session, reaching $111.62. About 1.26M shares traded. The TJX Companies, Inc. (NYSE:TJX) has risen 49.97% since October 2, 2017 and is uptrending. It has outperformed by 34.35% the S&P500.

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 $69.29 billion. It operates through four divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. It has a 23.87 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.

More news for The TJX Companies, Inc. (NYSE:TJX) were recently published by: Seekingalpha.com, which released: “We’ve Reached Peak TJX” on September 12, 2018. Benzinga.com‘s article titled: “Retail Picks: DA Davidson Bullish On PVH, TJX, Burlington, Canada Goose, Neutral On Lululemon” and published on September 29, 2018 is yet another important article.

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

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