TJX Companies (The) (NYSE:TJX) has tumbled 1.72% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.28% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.54%. TJX Companies (The) (NYSE:TJX) has underperformed the index by 0.64% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
TJX Companies (The) (NYSE:TJX): The stock opened at $75.83 on Friday but the bulls could not build on the opening and the stock topped out at $76.01 for the day. The stock traded down to $75.15 during the day, due to lack of any buying support eventually closed down at $75.65 with a loss of -0.32% for the day. The stock had closed at $75.89 on the previous day. The total traded volume was 4,922,060 shares.
The company shares have rallied 13.54% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $79.20 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $76.03 and the 200 Day Moving Average price is recorded at $73.80.
On the companys insider trading activities, The director, of Tjx Companies Inc /De/, Alvarez Jose B had unloaded 1,158 shares at $76.51 per share in a transaction on June 15, 2016. The total value of transaction was $88,599. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Bernstein maintains its outlook on TJX Companies (The) (NYSE:TJX). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $82 per share to $83 per share. The rating by the firm was issued on May 18, 2016. Currently the company Insiders own 0.75% of TJX Companies (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.49% . Institutional Investors own 90.62% of TJX Companies (The) shares. During last six month period, the net percent change held by insiders has seen a change of -21.21%.
The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX Europe. The Marmaxx and HomeGoods business offers family apparel, home fashions, accent furniture, lamps, rugs, wall decor, decorative accessories and giftware and other merchandise. The TJX Canada offers jewelry and home fashions. TJX Europe operates the T.K. Maxx and HomeSense chains in Europe. The Company operates approximately 3,461 stores in countries, including the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria and Australia.