TJX Companies (TJX) Earns Coverage Optimism Rating of 0.16

Press coverage about TJX Companies (NYSE:TJX) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TJX Companies earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the apparel and home fashions retailer an impact score of 46.9125209644765 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

TJX Companies (TJX) traded down $0.10 during mid-day trading on Friday, hitting $77.88. The stock had a trading volume of 4,050,110 shares, compared to its average volume of 4,350,000. The stock has a market cap of $49,550.00, a P/E ratio of 21.05, a P/E/G ratio of 1.65 and a beta of 0.73. TJX Companies has a 52-week low of $66.44 and a 52-week high of $81.46. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.61%. TJX Companies’s dividend payout ratio (DPR) is currently 33.78%.

Several analysts have commented on TJX shares. Nomura cut their target price on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Goldman Sachs Group set a $79.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, November 15th. Wells Fargo & Co set a $76.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Tuesday, November 14th. Morgan Stanley cut their target price on TJX Companies from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 15th. Finally, Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Saturday, January 20th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $82.11.

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TJX Companies Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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