Is The TJX Companies Inc. (TJX) Price Targeted To Increase?


As of Wednesday close, The TJX Companies Inc.’s (NYSE:TJX) stock was up $0.43, moving up 0.54 percent to $80.54. The average number of shares traded per day over the past five days has been 7,490,200 shares. 4 times new highs have been achieved over the past 5 days, with a $1.52 gain in that time frame. In the last twenty days, the average volume was 6,388,995, while in the previous 50 days, it was 5,522,692.

Since last month, TJX stock rose 14.31%. Shares of the company fell to $67.69 on 10/24/22, the lowest level in the past month. A 52-week high of $80.45 was reached on 11/23/22 after having rallying from a 52-week low of $53.69. Since the beginning of this year, TJX’s stock price has risen by 6.09% or $4.62, and marked a new high 6 times. However, the stock has increased by 0.11% since its 52-week high.

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TJX stock investors should be aware that The TJX Companies Inc. (TJX) stock had its last reported insider trading activity 3 days ago on Nov 22. MEYROWITZ CAROL, the Executive Chairman of the company, disposed of 16,223 shares for $79.79 on Nov 22. It resulted in a $1,294,470 divestment by the insider. Greenlees Louise sold 6,708 shares at an average price of $79.99 on Nov 22. The insider now owns 51,627 shares following the transaction. On Nov 21, Director LANE AMY B sold 3,200 shares at $78.86 apiece. The transaction was valued at $252,351.

Valuation Metrics

Right now, The TJX Companies Inc. (TJX) has a P/E ratio of about 28.08. The stock’s beta is 0.90. Besides these, the trailing price-to-sales (P/S) ratio of 1.89, the price-to-book (PB) ratio of 17.43, and the price-to-cash flow ratio of 196.15 may also be considered.

The latest dividend of $0.2950 per share was paid out, remained unchanged from last year’s $0.2950. On Tuesday March 29 2022, a $0.0350 dividend increase was announced.

Financial Health

In the three months ended July 30, The TJX Companies Inc.’s quick ratio stood at 0.50, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.53, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 27.90% percent. In the year ended July 30, operating margins totaled 9.40%. Based on annual data, TJX earned $13.84 billion in gross profit and brought in $48.55 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 36.30%. Return on equity (ROE) for the past 12 months was 56.90%.

In The TJX Companies Inc.’s quarter-end financial report for July 30, it reported total debt of $2.86 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TJX’s revenue fell -1.98% to $11.41 billion during the quarter, while net income inched up to $11.84 billion. While analysts expected The TJX Companies Inc. to report $0.66 quarterly earnings, the actual figure was $0.69 per share, beating the consensus estimate by 4.50%. The liabilities of The TJX Companies Inc. were 22.76 billion at the end of its most recent quarter ended July 30, and its total debt was $12.63 billion.

Technical Picture

This quick technical analysis looks at The TJX Companies Inc.’s (TJX) price momentum. With a historical volatility rate of 28.85%, the RSI 9-day stood at 78.06% on 23 November.

With respect to its five-day moving average, the current The TJX Companies Inc. price is up by +1.92% percent or $1.52. At present, TJX shares trade +13.58% above its 20-day simple moving average and +39.87% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.14% above its SMA50 and +14.34% above its SMA200.

Stochastic coefficient K was 94.67% and Stochastic coefficient D was 89.98%, while ATR was 2.24. Given the Stochastic reading of 97.07% for the 14-day period, the RSI (14) reading has been calculated as 74.54%. As of today, the MACD Oscillator reading stands at 2.45, while the 14-day reading stands at 4.47.

Analyst Ratings

Gordon Haskett upgraded its rating on The TJX Companies Inc. (NYSE: TJX) to a Buy in a note to investors on November 10, 2022. The analysts firm previously had a Hold rating on the stock.The TJX Companies Inc. (TJX) has been rated Overweight by analysts. According to 0 brokerage firms, TJX is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate The TJX Companies Inc. stock as buy, with 17 recommending it as overweight.

With a median target price of $85.50, the current consensus forecast for the stock is $74.00 – $95.00. Based on these forecasts, analysts predict The TJX Companies Inc. (TJX) will achieve an average price target of $85.82.


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