TJX Companies (The) (TJX) : Traders are bullish on TJX Companies (The) (TJX) as it has outperformed the S&P 500 by a wide margin of 2.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.43%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.37% in the last 1 week, and is up 6.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.6% and the 50-Day Moving Average is 5.92%. The TJX Companies, Inc. is up 8.14% in the last 3-month period. Year-to-Date the stock performance stands at 15.99%.
TJX Companies (The) (NYSE:TJX): stock turned positive on Friday. Though the stock opened at $81.21, the bulls momentum made the stock top out at $81.875 level for the day. The stock recorded a low of $81.08 and closed the trading day at $81.72, in the green by 0.59%. The total traded volume for the day was 2,782,979. The stock had closed at $81.24 in the previous days trading.
Also, Major Brokerage house, Bernstein maintains its ratings on TJX Companies (The) (NYSE:TJX). In the latest research report, Bernstein raises the target price from $82 per share to $83 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on May 18, 2016.
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.