The TJX Companies, Inc. (TJX)’s Trend Up, Especially After Forming a Multiple Top

The TJX Companies, Inc. (NYSE:TJX) Logo

Investors sentiment increased to 1.01 in Q2 2018. Its up 0.10, from 0.91 in 2018Q1. It improved, 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.
Cypress Asset Mngmt Tx owns 4,075 shares. Alpine Woods Capital Investors Ltd Com holds 0.49% of its portfolio in The TJX Companies, Inc. (NYSE:TJX) for 23,610 shares. 3.07M are held by Grantham Mayo Van Otterloo And Lc. Bahl & Gaynor stated it has 127,591 shares. 10,007 were accumulated by Pinnacle Associates Limited. Public Employees Retirement Systems Of Ohio has 0.3% invested in The TJX Companies, Inc. (NYSE:TJX) for 623,996 shares. Greystone Managed Investments invested 0.63% in The TJX Companies, Inc. (NYSE:TJX). Raymond James And Assoc holds 0.07% or 413,060 shares. Fjarde Ap has invested 0.26% in The TJX Companies, Inc. (NYSE:TJX). Usca Ria Limited Co owns 33,510 shares. Bailard reported 68,733 shares. Gofen & Glossberg Ltd Il holds 0.18% or 52,212 shares. Saturna Cap holds 2.18% or 715,920 shares. Rand Wealth Limited Liability Co reported 2,296 shares stake. Edge Wealth Ltd Company holds 0.01% or 325 shares.

The stock of The TJX Companies, Inc. (TJX) shows a multiple tops pattern with $51.78 target or 6.00 % above today’s $48.85 share price. The 8 months chart pattern indicates low risk for the $60.45B company. It was reported on Dec, 2 by Finviz.com. If the $51.78 price target is reached, the company will be worth $3.63B more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 2.86% or $1.36 during the last trading session, reaching $48.85. About 17.53 million shares traded or 115.77% up from the average. The TJX Companies, Inc. (NYSE:TJX) has risen 49.97% since December 2, 2017 and is uptrending. It has outperformed by 34.35% the S&P500.

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

Among 16 analysts covering TJX Companies (NYSE:TJX), 10 have Buy rating, 1 Sell and 5 Hold. Therefore 63% are positive. TJX Companies had 23 analyst reports since June 4, 2018 according to SRatingsIntel. The stock of The TJX Companies, Inc. (NYSE:TJX) has “Neutral” rating given on Wednesday, November 21 by Credit Suisse. The rating was upgraded by Argus Research to “Buy” on Thursday, November 29. The company was maintained on Thursday, August 23 by Morgan Stanley. The firm has “Overweight” rating given on Wednesday, November 21 by Morgan Stanley. The rating was maintained by Citigroup on Wednesday, November 21 with “Buy”. The company was maintained on Monday, August 20 by Deutsche Bank. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, August 22. Nomura maintained it with “Buy” rating and $100 target in Monday, June 4 report. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, August 22 report. The stock has “Neutral” rating by Atlantic Securities on Tuesday, June 26.

More notable recent The TJX Companies, Inc. (NYSE:TJX) news were published by: Fool.com which released: “3 Observations From TJX Companies’ Management Team – The Motley Fool” on November 27, 2018, also Schaeffersresearch.com with their article: “Analyst Spots Buying Opportunity with TJX Stock – Schaeffers Research” published on November 29, 2018, Seekingalpha.com published: “TJX: The Anatomy Of A Terrific Compounder – Seeking Alpha” on November 27, 2018. More interesting news about The TJX Companies, Inc. (NYSE:TJX) were released by: Investorplace.com and their article: “10 Goldman Sachs Top Stock Picks for 2019 – Investorplace.com” published on November 30, 2018 as well as Investorplace.com‘s news article titled: “Black Friday Proves You Should Buy the Dip in TJX Stock – Investorplace.com” with publication date: November 29, 2018.

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 $60.45 billion. It operates through four divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. It has a 19.99 P/E ratio. The firm sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d??cor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise.

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

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