The stock of The TJX Companies Inc. (NYSE:TJX) increased by $0.32 on Monday to finish at $86.21, up 0.37 percent. The last five days have seen an average of 5,235,020 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $6.61. The average number of shares traded over the last 20 days was 3,847,560, while the average volume over the last 50 days totaled 4,385,248.
TJX stock appreciated 1.52% since last month. On 07/18/23, the company’s shares reached a one-month low of $84.56. The stock touched a high of $87.81 on 08/10/23, after rallying from a low of $59.78 in 52 weeks. The price of TJX stock has risen by 8.30% or $6.61 this year, reaching a new high 14 times. Still, the stock price is down -1.82% from the 52-week high.
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Insider Transactions
TJX stock investors should be aware that The TJX Companies Inc. (TJX) stock had its last reported insider trading activity 89 days ago on May 18. On May 18, SEVP, Finance Goldenberg Scott sold 26,271 shares at $78.91 each. This transaction resulted in the insider making $2,072,924. On Nov 22, MEYROWITZ CAROL sold 16,223 shares at a price of US$79.79. After the transaction, the insider now owns 209,390 shares. SEVP – Group President Greenlees Louise had earlier sold 6,708 shares on Nov 22 for $79.99 a share. The transaction was completed for $536,577.
Valuation Metrics
The TJX Companies Inc. (TJX) has a trailing price-to-earnings (P/E) ratio of 26.58. Beta for the stock is 0.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.98, the price-to-book (PB) ratio of 15.48, and the price-to-cash flow ratio of 25.11.
Company paid $0.3325 per share in dividends, remained unchanged from $0.3325 last year. A $0.0375 dividend increase was reported on Tuesday March 28 2023.
Financial Health
For the three months ended April 29, The TJX Companies Inc.’s quick ratio was 0.60, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.45, and the total debt to equity ratio is 0.52. As far as profitability goes, gross margin for the trailing twelve months is 27.90% percent. The TJX Companies Inc.’s EBITDA margin for the year ended April 29 was 11.25%, whereas its operating margin stood at 9.80% for the same period. Based on annual data, it had gross profit of $13.79 billion and revenue of $49.94 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TJX’s return on assets (ROA) during the last 12 months has been 13.50%. There was a 36.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 63.80%.
Earnings Surprise
According to The TJX Companies Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.78 billion, while revenues rose by 3.2% to $13.13 billion. It was predicted that The TJX Companies Inc.’s quarterly earnings would be $0.76, but it ended up being $0.71, beating the consensus by 7.00%. EBITDA was $1.44 billion for the quarter. At the end of The TJX Companies Inc.’s most recent quarter ended April 29, its liabilities totaled 22.26 billion, while its total debt was $12.84 billion. Equity owned by shareholders amounts to $1.15 billion.
Technical Picture
Here’s a quick look at The TJX Companies Inc.’s (TJX) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 54.06%, suggesting the stock is Neutral, with a 9.10% historical volatility rate.
The stochastic %K and %D were 32.74% and 36.90% respectively, while the average true range (ATR) was 1.20. Based on the 14-day stochastic reading of 37.08%, the RSI (14) reading is 56.90%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at -0.19.
Analyst Ratings
In its most recent analyst report, Cleveland Research raised its rating on The TJX Companies Inc. (NYSE: TJX) to a Buy. Prior to this, analysts firm rated the stock as a Neutral.
