Insider Analysis: TJX Companies Inc (NYSE:TJX)’s Stock Insider Deal – Kenneth Canestrari Sold 6,701 Shares

November 23, 2016 - By Adrian Mccoy

Insider Analysis: TJX Companies Inc (NYSE:TJX)'s Stock Insider Deal   Kenneth Canestrari Sold 6,701 Shares

Kenneth Canestrari Insider Sell

SEVP – Group President Kenneth Canestrari of Tjx Companies Inc, unloaded some 6,701 of the Massachusetts-based company shares having a value near $533,101 U.S Dollars with an average of $79.6 stock price for each share. Kenneth Canestrari owns 0.01% of the -company’s market cap or 64,871 shares. For further details of this deal please open the Washington-based SEC’s Form 4 accessible online here.

TJX Companies Inc (NYSE:TJX) Ratings Coverage

Out of 20 analysts covering The TJX Companies (NYSE:TJX), 18 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 90% are positive. $91 is the highest target while $72 is the lowest. The $84.10 average target is 6.24% above today’s ($79.16) stock price. The TJX Companies has been the topic of 32 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of TJX Companies Inc (NYSE:TJX) has “Buy” rating given on Thursday, February 25 by Deutsche Bank. UBS maintained TJX Companies Inc (NYSE:TJX) on Wednesday, August 19 with “Buy” rating. The firm has “Buy” rating by BB&T Capital given on Thursday, December 17. The stock of TJX Companies Inc (NYSE:TJX) has “Outperform” rating given on Thursday, February 25 by Wolfe Research. Stifel Nicolaus maintained the shares of TJX in a report on Tuesday, August 18 with “Buy” rating. The firm has “Outperform” rating given on Thursday, October 22 by Wells Fargo. As per Wednesday, August 19, the company rating was maintained by S&P Research. Stifel Nicolaus maintained TJX Companies Inc (NYSE:TJX) on Wednesday, November 16 with “Buy” rating. The rating was maintained by Cowen & Co with “Outperform” on Thursday, February 25. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.06, from 1.01 in 2016Q1. The ratio turned negative, 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.

King Luther Capital Corporation accumulated 0% or 4,675 shares. Oregon Public Employees Retirement Fund holds 161,431 shares or 0.28% of its portfolio. The Ohio-based Victory Management has invested 0.01% in TJX Companies Inc (NYSE:TJX). Euclid Advsr Ltd Liability, a Connecticut-based fund reported 135,825 shares. The Kentucky-based Mcf Advsrs Ltd Company has invested 0% in TJX Companies Inc (NYSE:TJX). Wolverine Asset Management Llc holds 0.08% or 70,808 shares in its portfolio. Moreover, Finemark Financial Bank & Tru has 0.74% invested in TJX Companies Inc (NYSE:TJX) for 86,189 shares. Weiss Multi last reported 0.21% of its portfolio in the stock. Hilltop Incorporated has 6,245 shares for 0.15% of their US portfolio. Garrison Bradford & Associates, a New York-based fund reported 25,410 shares. Korea Inv has 348,800 shares for 0.16% of their US portfolio. Flossbach Von Storch Ag last reported 1.11M shares in the company. First Niagara Bancorporation has 2,872 shares for 0.06% of their US portfolio. Nippon Life Insurance last reported 0.06% of its portfolio in the stock. Winch Advisory Ltd Liability last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 2 sales for $5.00 million net activity. 1,158 TJX Companies Inc (NYSE:TJX) shares with value of $88,603 were sold by Alvarez Jose B. On Tuesday, May 24 Herrman Ernie sold $1.87M worth of the stock or 24,776 shares. On Wednesday, June 1 MEYROWITZ CAROL sold $4.91 million worth of the stock or 64,160 shares.

About 1.66 million shares traded hands. TJX Companies Inc (NYSE:TJX) has risen 2.99% since April 21, 2016 and is uptrending. It has underperformed by 2.34% the S&P500.

The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States and across the world. The company has a market cap of $53.08 billion. The Firm operates through four divisions: Marmaxx, HomeGoods, TJX Canada and TJX International. It has a 22.99 P/E ratio. T.J.

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.”

Analysts await TJX Companies Inc (NYSE:TJX) to report earnings on February, 22. They expect $1.00 earnings per share, up 1.01% or $0.01 from last year’s $0.99 per share. TJX’s profit will be $670.46M for 19.79 P/E if the $1.00 EPS becomes a reality. After $0.91 actual earnings per share reported by TJX Companies Inc for the previous quarter, Wall Street now forecasts 9.89% EPS growth.

More important recent TJX Companies Inc (NYSE:TJX) news were published by: Investorplace.com which released: “TJX Companies Inc Posts Poor Q4 Outlook” on November 15, 2016, also Fool.com published article titled: “The TJX Companies, Inc.: A High-Quality Bargain Stock”, Seekingalpha.com published: “TJX Companies Is Unstoppable” on November 18, 2016. More interesting news about TJX Companies Inc (NYSE:TJX) was released by: Nasdaq.com and their article: “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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