The shares of Fitbit, Inc. (NYSE:FIT) has been pegged with a rating of Buy by DA Davidson in its latest research note that was published on February 28th, 2019. The research company has also assigned a $7 price target. DA Davidson wasn’t the only research firm that published a report of Fitbit, Inc., with other equities research analysts also giving their opinion on the stock. Wedbush advised investors in its research note published on February 22nd, 2019, to Neutral the FIT stock while also putting a $6.50 price target. The stock had earned Outperform rating from Wedbush when it published its report on October 12th, 2018. The stock was given Mkt Perform rating by William Blair in its report released on June 20th, 2018. Cascend Securities was of a view that FIT is Hold in its latest report on May 17th, 2018. DA Davidson thinks that FIT is worth Neutral rating. This was contained in the firm’s report on May 1st, 2018.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $6.81. The price of the stock the last time has raised by 43.26% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 49.94.
The shares of the company added by 1.34% during the trading session on Thursday, reaching a low of $5.935 while ending the day at $6.06. During the trading session, a total of 5.3 million shares were traded which represents a -2.54% decline from the average session volume which is 5.17M shares. FIT had ended its last session trading at 5.98. Fitbit, Inc. currently has a market cap of $1.52B while its P/E earnings growth sits at 1.01, with a beta of 1.71. Fitbit, Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 1.60. FIT 52-week low price stands at $4.23 while its 52-week high price is $7.79.
The company in its last quarterly report recorded $0.14 earnings per share which is above the $0.07 predicted by most analysts. The Fitbit, Inc. generated $571.20 million in revenue during the last quarter, which is slightly higher than the $569.34 million predicted by analysts. In the second quarter last year, the firm recorded $0.04 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 71.43%. Fitbit, Inc. has the potential to record -0.77 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Telsey Advisory Group published a research note on February 28th, 2019 where it informed investors and clients that The TJX Companies, Inc. (NYSE:TJX) is now rated as Outperform. Their price target on the stock stands at $62. Wedbush also rated TJX as Downgrade on February 22nd, 2019, with its price target of $29 suggesting that TJX could surge by 6.87% from its current share price. Even though the stock has been trading at $52.54/share, analysts expect it to surge higher by -0.10% to reach $56.36/share. It started the day trading at $52.745 and traded between $52.31 and $52.49 throughout the trading session.
A look at its technical shows that TJX’s 50-day SMA is 49.92 while its 200-day SMA stands at 50.24. The stock has a high of $56.64 for the year while the low is $39.86. The company’s P/E ratio currently sits at 21.59, while the P/B ratio is 12.35. At the moment, only of The TJX Companies, Inc. shares were sold short. The company’s average trading volume currently stands at 6.68M shares, which means that the short-interest ratio is just 1.66 days. Over the past seven days, the company moved, with its shift of 0.75%. Looking further, the stock has raised 19.11% over the past 90 days while it lost -3.75% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more TJX shares, increasing its portfolio by +1.32% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,269,053 shares in the last quarter, thus it now holds 97,753,565 shares of TJX, with a total valuation of $5,013,780,349. BlackRock Fund Advisors meanwhile bought more TJX shares in the recently filed quarter, changing its stake to $3,297,357,575 worth of shares. Wellington Management Co LLP followed the path by decreasing its TJX portfolio by -14.01% in the quarter. This means that Wellington Management Co LLP sold -9,677,463 shares in the last quarter and now controls 59,381,489 shares of the TJX stock, with the valuation hitting $3,045,676,571.
Similarly, Fidelity Management Research Co increased its The TJX Companies, Inc. shares by +4.39% during the recently filed quarter. After buying 1,998,291 shares in the last quarter, the firm now controls 47,477,647 shares of The TJX Companies, Inc. which are valued at $2,435,128,515. In the same vein, Walter Scott Partners Ltd decreased its The TJX Companies, Inc. shares by during the most recent reported quarter. The firm sold -2,374,591 shares during the quarter which decreased its stakes to 19,744,157 shares and is now valued at $1,012,677,813. Following these latest developments, around 0.07% of The TJX Companies, Inc. stocks are owned by institutional investors and hedge funds.