A share price of TJX Companies, Inc. [TJX] is currently trading at $113.66, up 0.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The TJX shares have gain 2.15% over the last week, with a monthly amount glided 3.14%, and 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 May 02, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $132 from $104. Previously, Goldman upgraded its rating to Buy on April 25, 2024, and elevated its price target to $110. On February 05, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $100 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $105 on November 16, 2023. Evercore ISI initiated its recommendation with a Outperform and recommended $105 as its price target on November 07, 2023. Cleveland Research upgraded its rating to Buy for this stock on August 09, 2023. In a note dated July 12, 2023, Loop Capital upgraded an Buy rating on this stock and boosted its target price from $75 to $95.
TJX Companies, Inc. experienced fluctuations in its stock price throughout the past year between $85.27 and $115.35. Currently, Wall Street analysts expect the stock to reach $93.38 within the next 12 months. TJX Companies, Inc. [NYSE: TJX] shares were valued at $113.66 at the most recent close of the market. An investor can expect a potential drop of -17.84% based on the average TJX price forecast.
Analyzing the TJX fundamentals
Trailing Twelve Months sales for TJX Companies, Inc. [NYSE:TJX] were 54.91B which represents 5.91% growth. 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 0.16, Equity is 0.66 and Total Capital is 0.31. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 112.92 points at the first support level, and at 112.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.18, and for the 2nd resistance point, it is at 114.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TJX Companies, Inc. [NYSE:TJX] is 1.23. On the other hand, the Quick Ratio is 0.61, and the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 17.13 and price to earnings (TTM) ratio is 28.19.
Transactions by insiders
Recent insider trading involved Klinger John, SEVP, CFO, that happened on Jun 03 ’24 when 6785.0 shares were sold. SEVP – Group President, Canestrari Kenneth completed a deal on May 30 ’24 to sell 10744.0 shares. Meanwhile, SEVP – Group President Greenlees Louise sold 8171.0 shares on May 29 ’24.
