How Have The TJX Companies Inc. (TJX) Insiders Been Trading?

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The TJX Companies Inc. (NYSE:TJX) finished Thursday with a subtraction of -$0.95 to close at $62.01, a downside of -1.51 percent. An average of 4,730,300 shares of common stock have been traded in the last five days. There was a fall of -$2.87 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 4,771,345 shares traded, while the 50-day average volume stands at 5,262,898.

TJX stock has decreased by -2.94% in the last month. The company shares reached their 1-month lowest point of $61.86 on 08/31/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $53.69 and a high of $77.35 in 52 weeks. It has reached a new high 2 times so far this year and lost -18.32% or -$13.91 in price. In spite of this, the price is down -19.83% from the 52-week high.


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Insider Transactions

15 days have passed since The TJX Companies Inc. (TJX) last reported insider trading activity. Herrman Ernie, who is CEO & President, most recently acquired $50,282 shares at $65.90 per share on Sep 08. In this transaction, the insider spent $3,313,800. SEVP, CFO, Goldenberg Scott, disposed of 16,551 shares at a price of $68.00 on Aug 18. The insider now owns more than $1,125,468 worth of shares. Prior to that, SEVP – Group President Canestrari Kenneth went on to Sale 29,977 shares at $68.00 each on Aug 18. An amount of $2,038,436 was transacted.

Valuation Metrics

The TJX Companies Inc. (TJX) has a trailing price-to-earnings (P/E) ratio of 22.12. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.46, the price-to-book (PB) ratio at 13.42.

The company has a payout ratio of 28.70%. The company’s most recent quarterly dividend payment was $0.2950 a share, without any change from last year. Its latest increase dividend $0.0350 reported on Tuesday March 29 2022.

Financial Health

The quick ratio of The TJX Companies Inc. for the three months ended April 29 was 0.50, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.62 for the quarter ending April 29. Its gross profit as reported stood at $13.84 billion compared to revenue of $48.55 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The TJX Companies Inc.’s return on assets was 11.90%.

Earnings Surprise

For the three-month period that ended April 29, The TJX Companies Inc. had $2.86 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $809.34 million in the quarter, while revenues of $587.47 million were grew 2.92%. The analyst consensus anticipated The TJX Companies Inc.’s latest quarter earnings to come in at $0.6 per share, but it turned out to be $0.68, a 13.30% surprise. For the quarter, EBITDA amounted to $1.31 billion. Shareholders own equity worth $1.16 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The TJX Companies Inc. (TJX) price momentum. RSI 9-day as of the close on 22 September was 34.97%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.23%.

As of today, TJX’s price is $63.78 -4.42% or -$2.87 from its 5-day moving average. TJX is currently trading -3.67% lower than its 20-day SMA and +1.19% higher than its 100-day SMA. However, the stock’s current price level is +4.96% above the SMA50 and -14.63% below the SMA200.

The stochastic %K and %D were 15.84% and 32.98%, respectively, and the average true range (ATR) was 1.76. With the 14-day stochastic at 0.52% and the average true range at 1.76, the RSI (14) stands at 41.13%. The stock has reached -1.51 on the 9-day MACD Oscillator while the 14-day reading was at -1.75.

Analyst Ratings

Goldman launched coverage on The TJX Companies Inc. (NYSE: TJX) in its analyst report released on August 02, 2022. The firm assigned the stock a Neutral rating. The consensus rating for The TJX Companies Inc. (TJX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TJX, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 16 others rate it as a “buy”.

What is TJX’s price target for the next 12 months?

Analysts predict a range of price targets between $65.00 and $90.00, with a median target of $77.00. Taking a look at these predictions, the average price target given by analysts for The TJX Companies Inc. (TJX) stock is $76.71.

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