TJX Companies, Inc. [TJX] stock prices are up 0.58% to $98.63 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TJX shares have gain 3.00% over the last week, with a monthly amount glided 0.68%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, The TJX Companies, Inc. Reports Q4 and Full Year FY24 Results; Q4 Comp Store Sales Growth of 5%, Pretax Profit Margin, and Diluted EPS All Above Plan; Expects to Increase Dividend by 13% and Buy Back $2.0 to $2.5 Billion of Stock in FY25. In a post published today on Yahoo Finance, Q4 consolidated comparable store sales increased 5%, above the Company’s plan, and were entirely driven by an increase in customer transactions.
From an analyst’s perspective:
TJX Companies, Inc. [NYSE: TJX] stock has seen the most recent analyst activity on February 05, 2024, when Redburn Atlantic downgraded its rating to a Neutral but kept the price target unchanged to $100 for it. Previously, Telsey Advisory Group reaffirmed its Outperform rating on November 16, 2023, and elevated its price target to $105. On November 07, 2023, Evercore ISI initiated with a Outperform rating and assigned a price target of $105 on the stock. Cleveland Research upgraded its rating to a Buy. Loop Capital upgraded its rating to a Buy and raised its price target to $95 on July 12, 2023. Piper Sandler started tracking with a Overweight rating for this stock on June 29, 2023, and assigned it a price target of $110. In a note dated May 18, 2023, Barclays reiterated an Overweight rating on this stock and boosted its target price from $93 to $95.
The stock price of TJX Companies, Inc. [TJX] has been fluctuating between $73.24 and $102.84 over the past year. Currently, Wall Street analysts expect the stock to reach $82.4 within the next 12 months. TJX Companies, Inc. [NYSE: TJX] shares were valued at $98.63 at the most recent close of the market. An investor can expect a potential drop of -16.46% based on the average TJX price forecast.
Analyzing the TJX fundamentals
The TJX Companies, Inc. [NYSE:TJX] reported sales of 54.22B for trailing twelve months, representing a surge of 13.02%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.66 and Total Capital is 0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 97.99 points at the first support level, and at 97.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.96, and for the 2nd resistance point, it is at 99.29.
TJX Companies, Inc. [TJX] reported earnings per share of $1.22 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.12/share, meaning a difference of $0.1 and a surprise factor of 8.90%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.03 per share as compared to estimates of $0.99 per share, a difference of $0.04 representing a surprise of 4.00%.
Ratios To Look Out For
It’s worth pointing out that TJX Companies, Inc. [NYSE:TJX]’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 0.64, and the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 16.47 and price to earnings (TTM) ratio is 25.53.
Transactions by insiders
Recent insider trading involved Herrman Ernie, CEO & President, that happened on Mar 04 ’24 when 20000.0 shares were sold. SEVP – Group President, Greenlees Louise completed a deal on Mar 01 ’24 to sell 2694.0 shares. Meanwhile, CEO & President Herrman Ernie sold 17000.0 shares on Dec 07 ’23.
