TJX Companies, Inc. [TJX] stock is trading at $96.42, up 1.20%. 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 4.06% over the last week, with a monthly amount drifted -2.90%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TJX Companies, Inc. [NYSE: TJX] stock has seen the most recent analyst activity on April 25, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $110 from $100. Previously, Redburn Atlantic downgraded its rating to Neutral on February 05, 2024, and kept the price target unchanged to $100. On November 16, 2023, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $105 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $105 on November 07, 2023. Cleveland Research upgraded its rating to a Buy. Loop Capital upgraded its rating to Buy for this stock on July 12, 2023, and upped its price target to $95. In a note dated June 29, 2023, Piper Sandler initiated an Overweight rating and provided a target price of $110 on this stock.
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 $83.9 within the next 12 months. TJX Companies, Inc. [NYSE: TJX] shares were valued at $96.42 at the most recent close of the market. An investor can expect a potential drop of -12.98% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
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 94.77 points at the first support level, and at 93.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.78, and for the 2nd resistance point, it is at 99.13.
TJX Companies, Inc. [TJX] reported earnings per share of $1.22 for its fiscal quarter that ended on 1/31/2024. 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 10/31/2023 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 2.01, the price to book ratio is 14.97 and price to earnings (TTM) ratio is 24.96.
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.
