Price Action Report: Will TJX Companies Inc Go Down Anytime Soon?

Price Action Report: Will TJX Companies Inc Go Down Anytime Soon?

The stock of TJX Companies Inc (NYSE:TJX) is a huge mover today! About 3.68M shares traded hands or 23.08% up from the average. TJX Companies Inc (NYSE:TJX) has declined 3.72% since April 14, 2016 and is downtrending. It has underperformed by 8.41% the S&P500.
The move comes after 7 months positive chart setup for the $48.73B company. It was reported on Nov, 16 by We have $92.12 PT which if reached, will make NYSE:TJX worth $10.23B more.

TJX Companies Inc (NYSE:TJX) Ratings Coverage

Out of 19 analysts covering The TJX Companies (NYSE:TJX), 17 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are positive. The TJX Companies has been the topic of 29 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by S&P Research on Wednesday, August 19. Stifel Nicolaus maintained the shares of TJX in a report on Tuesday, August 18 with “Buy” rating. The firm has “Outperform” rating by Cowen & Co given on Thursday, February 25. The company was maintained on Thursday, February 25 by Wedbush. The stock of TJX Companies Inc (NYSE:TJX) has “Outperform” rating given on Wednesday, May 18 by Bernstein. Citigroup initiated TJX Companies Inc (NYSE:TJX) rating on Wednesday, October 7. Citigroup has “Buy” rating and $88 price target. BMO Capital Markets upgraded TJX Companies Inc (NYSE:TJX) on Tuesday, February 2 to “Outperform” rating. The stock has “Outperform” rating given by Wells Fargo on Thursday, October 22. UBS maintained the stock with “Buy” rating in Wednesday, August 19 report. The company was maintained on Wednesday, August 17 by Wedbush.

According to Zacks Investment Research, “The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. 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. The TJX Companies, Inc. is headquartered in Framingham, Massachusetts.”

Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.01, from 1 in 2016Q1. The ratio increased, as 50 funds sold all TJX Companies Inc shares owned while 366 reduced positions. 85 funds bought stakes while 337 increased positions. They now own 567.67 million shares or 3.41% less from 587.74 million shares in 2016Q1.
Bryn Mawr Trust holds 1% or 202,875 shares in its portfolio. Ls Inv Advsr Ltd Liability Corp holds 0.11% of its portfolio in TJX Companies Inc (NYSE:TJX) for 20,728 shares. Hall Laurie J Trustee owns 14,815 shares or 0.76% of their US portfolio. Todd Asset Management Ltd Liability Com has 147,065 shares for 0.36% of their US portfolio. Prudential Fincl reported 1.14 million shares or 0.15% of all its holdings. Gam Hldg Ag accumulated 112,895 shares or 0.14% of the stock. Franklin Resource Inc accumulated 0.04% or 935,613 shares. Honeywell Intl has invested 0.96% of its portfolio in TJX Companies Inc (NYSE:TJX). Jones Fincl Cos Lllp owns 50,913 shares or 0.02% of their US portfolio. Bedrijfstakpensioenfonds Voor De Media Pno, a Netherlands-based fund reported 15,600 shares. Exxonmobil Mngmt Inc Tx has invested 0.28% of its portfolio in TJX Companies Inc (NYSE:TJX). The New York-based Van Eck Assoc has invested 0.03% in TJX Companies Inc (NYSE:TJX). The New York-based First Manhattan Co has invested 0% in TJX Companies Inc (NYSE:TJX). Shell Asset Management has 0.46% invested in the company for 258,499 shares. Amica Pension Fund Board Of Trustees last reported 0.29% of its portfolio in the stock.

Insider Transactions: Since May 19, 2016, the stock had 0 insider purchases, and 3 sales for $6.87 million net activity. The insider Herrman Ernie sold $1.87M. Alvarez Jose B sold $88,603 worth of TJX Companies Inc (NYSE:TJX) on Wednesday, June 15. MEYROWITZ CAROL had sold 64,160 shares worth $4.91 million on Wednesday, June 1. Sherr Richard had sold 18,532 shares worth $1.40M on Thursday, May 19.

More notable recent TJX Companies Inc (NYSE:TJX) news were published by: which released: “TJX Companies Inc Posts Poor Q4 Outlook” on November 15, 2016, also with their article: “The TJX Companies, Inc. Q3 Income Declines 6%” published on November 15, 2016, published: “The TJX Companies, Inc.: A High-Quality Bargain Stock” on October 27, 2016. More interesting news about TJX Companies Inc (NYSE:TJX) were released by: and their article: “Earnings Reaction History: The TJX Companies, Inc., 20.0% Follow-Through …” published on November 15, 2016 as well as‘s news article titled: “TJX Companies, Inc. (TJX) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016.

TJX Company Profile

The TJX Companies, Inc. (TJX), incorporated on April 9, 1962, is an off-price apparel and home fashions retailer in the United States and across the world. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. The Firm operates approximately 3,600 stores in various countries.

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