TJX Companies Inc (TJX) Stock Rises on Q2 Earnings, Revenue Beats


TJX Companies Inc (TJX) Stock Rises on Q2 Earnings, Revenue Beats

Several other hedge funds also recently bought and sold shares of TJX. DE increased its position in shares of TJX Companies, Inc.

Earlier on Tuesday, home improvement chain Home Depot Inc (HD.N), which has been another bright spot in the retail sector, reported strong quarterly results and raised its annual forecasts. The Wesbanco Bank Inc holds 39,186 shares with $2.94 million value, down from 74,245 last quarter.

Do investors think to respond accordingly to new analyst's rating and change a position based on the analyst's rating opinion without any further research? Finally, Zacks Investment Research cut TJX Companies, Inc. (The) by 0.4% in the fourth quarter. Another trade for 1,179 shares valued at $89,110 was sold by Sherr Richard. Moreover, Arcadia Corp Mi has 0.02% invested in TJX Companies Inc (NYSE:TJX). Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer's stock worth $147,000 after buying an additional 108 shares during the period. It also increased its holding in O Reilly Automotive Inc (NASDAQ:ORLY) by 3,573 shares in the quarter, for a total of 95,962 shares, and has risen its stake in Praxair Inc (NYSE:PX). Regent Investment Management LLC now owns 23,436 shares of the apparel and home fashions retailer's stock valued at $1,853,000 after buying an additional 2,280 shares during the last quarter. During the trading on 08/14/2017, Company's stock ranged from $71.75 to $69.30.

Shares of TJX, which had fallen about 7 percent this year, were up 1 percent at $70.33 in afternoon trading.

Year to date (YTD) refers to the period beginning the first day of the current calendar or fiscal year up to the current date.

Now we look at the Moving Averages, the 200-day is -7.54, the 50-day is -1.75 and the 20-day is -0.44. Samson Capital Management Llc who had been investing in Spectra Energy Partners Lp for a number of months, seems to be bullish on the $13.92B market cap company. Morgan Stanley upgraded TJX Companies, Inc. (The) also was the target of some unusual options trading on Monday. Stock investors acquired 21,190 put options on the stock. This is an increase of approximately 1,148% compared to the average volume of 1,698 put options.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 16th.

The company's net income was $552.6 million, or 85 cents per share, compared with $562.2 million, 84 cents per share, for the same period past year.

"Within the quarter, TJX's merchandise margins came in on the higher side again, validating our thesis that the company's off-price model can thrive in this retail environment", wrote Cramer. During the same period previous year, the business posted $0.84 EPS. For the third quarter, TJX anticipates earnings of 98 cents to $1 a share. During the same quarter past year, the company earned $0.76 earnings per share. This represents a $1.25 annualized dividend and a yield of 1.78%. The stock of TJX Companies Inc (NYSE:TJX) has "Positive" rating given on Friday, February 10 by Susquehanna.

WARNING: This article was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and global copyright & trademark laws. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/08/15/parkwood-llc-has-4-86-million-position-in-tjx-companies-inc-the-tjx.html. Wolfe Research maintained the shares of TJX in report on Thursday, February 25 with "Outperform" rating. Finally, Zacks Investment Research upgraded TJX Companies, Inc. (The) from a "buy" rating to a "hold" rating in a research note on Wednesday, April 26th. Credit Suisse Group reissued a "hold" rating and issued a $79.00 price objective on shares of TJX Companies, Inc.

TJX Cos Inc's (TJX.N) quarterly performance was one of the few bright spots in the gloomy US retail environment, proving that the company's off-price business model was luring shoppers even as competition from Amazon.com Inc (AMZN.O) intensifies. (TJX) now has a value of $69.62 while the company's 52 week low is at $66.65, the shares dropped to the 52 week low on 07/24/17. (The) from a "sell" rating to a "hold" rating in a report on Wednesday, August 2nd.

Among 16 analysts covering Spectra Energy Partners LP (NYSE:SEP), 10 have Buy rating, 0 Sell and 6 Hold. The stock of TJX Companies Inc (NYSE:TJX) earned "Buy" rating by RBC Capital Markets on Monday, June 19. For the quarter, shares have been noted at -9.47%. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was sold at an average price of $75.80, for a total value of $303,200.00. The disclosure for this sale can be found here.