There is no shortage of investors who are bullish on TJX Companies, Inc (TJX) stock

TJX Companies, Inc [TJX] stock prices are down -0.25% to $119.67 at the moment. 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 1.36% over the last week, with a monthly amount glided 1.67%, 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 August 22, 2024, when Telsey Advisory Group reiterated its Outperform rating and also boosted its price target to $134 from $128. Previously, Citigroup downgraded its rating to Neutral on August 22, 2024, and elevated its price target to $128. On August 14, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $128 on the stock. UBS upgraded its rating to a Buy and increased its price target to $132 on May 02, 2024. Goldman upgraded its rating to a Buy and raised its price target to $110 on April 25, 2024. Redburn Atlantic downgraded its rating to Neutral for this stock on February 05, 2024, but kept the price target unchanged to $100. In a note dated November 16, 2023, Telsey Advisory Group reiterated an Outperform rating on this stock and boosted its target price from $100 to $105.

The stock price of TJX Companies, Inc [TJX] has been fluctuating between $87.26 and $122.10 over the past year. Currently, Wall Street analysts expect the stock to reach $100.38 within the next 12 months. TJX Companies, Inc [NYSE: TJX] shares were valued at $119.67 at the most recent close of the market. An investor can expect a potential drop of -16.12% based on the average TJX price forecast.

Analyzing the TJX fundamentals

The TJX Companies, Inc [NYSE:TJX] reported sales of 55.62B for trailing twelve months, representing a surge of 5.57%. 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 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.65 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.58.

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 119.10 points at the first support level, and at 118.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.61, and for the 2nd resistance point, it is at 121.54.

Ratios To Look Out For

It’s worth pointing out that TJX Companies, Inc [NYSE:TJX]’s Current Ratio is 1.21. In addition, the Quick Ratio stands at 0.60 and the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 2.43, the price to book ratio is 17.35 and price to earnings (TTM) ratio is 28.90.

Transactions by insiders

Recent insider trading involved Nemerov Jackwyn, Director, that happened on Sep 12 ’24 when 1183.0 shares were sold. CEO & President, Herrman Ernie completed a deal on Sep 10 ’24 to sell 15000.0 shares. Meanwhile, Officer Herrman Ernie bought 15000.0 shares on Sep 10 ’24.

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