Short Interest in TJX Companies Inc (TJX) Decreases By 43.3%

TJX Companies Inc (NYSE:TJX) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 12,045,654 shares, a decrease of 43.3% from the January 31st total of 21,230,986 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 5,726,336 shares, the short-interest ratio is currently 2.1 days.

In related news, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $51.79, for a total value of $51,790.00. Following the transaction, the director now owns 31,092 shares in the company, valued at $1,610,254.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

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Several institutional investors have recently added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC bought a new position in TJX Companies in the fourth quarter valued at $25,000. Adirondack Trust Co. increased its stake in TJX Companies by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 290 shares during the last quarter. Westside Investment Management Inc. increased its stake in TJX Companies by 100.0% in the fourth quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Edge Wealth Management LLC increased its stake in TJX Companies by 100.0% in the fourth quarter. Edge Wealth Management LLC now owns 650 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 325 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. increased its stake in TJX Companies by 100.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 330 shares during the last quarter. 63.71% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies stock opened at $51.66 on Wednesday. The firm has a market capitalization of $63.73 billion, a PE ratio of 24.48, a PEG ratio of 1.74 and a beta of 0.67. TJX Companies has a fifty-two week low of $39.86 and a fifty-two week high of $56.64. The company has a current ratio of 1.55, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. The firm had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.01 billion. TJX Companies had a net margin of 7.98% and a return on equity of 59.74%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share. As a group, sell-side analysts anticipate that TJX Companies will post 2.6 earnings per share for the current year.

TJX Companies declared that its board has authorized a stock repurchase program on Wednesday, February 27th that permits the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

A number of brokerages have issued reports on TJX. Cfra raised shares of TJX Companies to a “buy” rating and set a $60.00 target price on the stock in a report on Thursday, February 28th. Barclays set a $56.00 target price on shares of TJX Companies and gave the company a “hold” rating in a report on Thursday, February 28th. Credit Suisse Group boosted their target price on shares of TJX Companies from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. Morgan Stanley boosted their target price on shares of TJX Companies from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Finally, MKM Partners boosted their target price on shares of TJX Companies from $58.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.06.

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TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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