TJX Companies, Inc. [TJX] stock is trading at $95.86, down -0.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TJX shares have gain 0.11% over the last week, with a monthly amount drifted -1.40%, and not seem to be holding up well over a long-time horizon.
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On 2, April 2024, The TJX Companies, Inc. Announces 13% Increase in Common Stock Dividend. In a post published today on Yahoo Finance, The TJX Companies, Inc. (NYSE: TJX) today announced that its Board of Directors has raised the amount of its quarterly dividend by 13% from the last dividend paid. The Board declared a regular quarterly dividend in the amount of $.375 per share, payable June 6, 2024, to shareholders of record on May 16, 2024.
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.
TJX Companies, Inc. [TJX] stock has fluctuated between $75.65 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 $95.86 at the most recent close of the market. An investor can expect a potential drop of -14.04% based on the average TJX price forecast.
Analyzing the TJX fundamentals
TJX Companies, Inc. [NYSE:TJX] reported sales of 54.22B for the trailing twelve months, which represents a growth 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 94.96 points at the first support level, and at 94.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.63, and for the 2nd resistance point, it is at 97.41.
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
For context, TJX Companies, Inc.’s Current Ratio is 1.21. In addition, the Quick Ratio stands at 0.64 and the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 14.88 and price to earnings (TTM) ratio is 24.81.
Transactions by insiders
Recent insider trading involved Herrman Ernie, CEO & President, that happened on Mar 21 ’24 when 20000.0 shares were sold. CEO & President, Herrman Ernie completed a deal on Mar 13 ’24 to sell 20304.0 shares. Meanwhile, CEO & President Herrman Ernie sold 20000.0 shares on Mar 04 ’24.
