As of Thursday close, The TJX Companies Inc.’s (NYSE:TJX) stock was down -$1.02, moving down -1.14 percent to $88.29. The average number of shares traded per day over the past five days has been 8,243,180 shares. 3 times new highs have been achieved over the past 5 days, with a $2.09 gain in that time frame. In the last twenty days, the average volume was 4,823,940, while in the previous 50 days, it was 4,678,826.
Since last month, TJX stock rose 3.15%. Shares of the company fell to $84.56 on 07/18/23, the lowest level in the past month. A 52-week high of $90.19 was reached on 08/16/23 after having rallying from a 52-week low of $59.78. Since the beginning of this year, TJX’s stock price has risen by 10.92% or $8.69, and marked a new high 15 times. However, the stock has declined by -2.11% 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 92 days ago on May 18. Goldenberg Scott, the SEVP, Finance of the company, disposed of 26,271 shares for $78.91 on May 18. It resulted in a $2,072,924 divestment by the insider. MEYROWITZ CAROL sold 16,223 shares at an average price of $79.79 on Nov 22. The insider now owns 209,390 shares following the transaction. On Nov 22, SEVP – Group President Greenlees Louise sold 6,708 shares at $79.99 apiece. The transaction was valued at $536,577.
Valuation Metrics
Right now, The TJX Companies Inc. (TJX) has a P/E ratio of about 27.22. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 2.02, the price-to-book (PB) ratio of 15.85, and the price-to-cash flow ratio of 25.72 may also be considered.
The latest dividend of $0.3325 per share was paid out, remained unchanged from last year’s $0.3325. On Tuesday March 28 2023, a $0.0375 dividend increase was announced.
Financial Health
In the recent quarter, The TJX Companies Inc.’s quick ratio stood at 0.60, 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 recent quarter was 0.45, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 27.90% percent. In the recent year, EBITDA margin amounted to 11.25%, whereas operating margins totaled 9.80%. Based on annual data, TJX earned $13.79 billion in gross profit and brought in $49.94 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 36.00%. Return on equity (ROE) for the past 12 months was 63.80%.
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 rose 3.2% to $13.13 billion during the quarter, while net income inched up to $11.78 billion. The liabilities of The TJX Companies Inc. were 22.31 billion at the end of its most recent quarter.
Technical Picture
This quick technical analysis looks at The TJX Companies Inc.’s (TJX) price momentum. With a historical volatility rate of 22.42%, the RSI 9-day stood at 63.97% on 17 August.
With respect to its five-day moving average, the current The TJX Companies Inc. price is up by +2.42% percent or $2.09. At present, TJX shares trade +3.35% above its 20-day simple moving average and +17.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.23% above its SMA50 and +21.78% above its SMA200.
Stochastic coefficient K was 54.41% and Stochastic coefficient D was 42.60%, while ATR was 1.59. Given the Stochastic reading of 61.38% for the 14-day period, the RSI (14) reading has been calculated as 63.21%. As of today, the MACD Oscillator reading stands at 1.04, while the 14-day reading stands at 1.31.
Analyst Ratings
Cleveland Research upgraded its rating on The TJX Companies Inc. (NYSE: TJX) to a Buy in a note to investors on August 09, 2023. The analysts firm previously had a Neutral 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 1 analyst who say the stock is underweight. A total of 3 analysts rate The TJX Companies Inc. stock as buy, with 16 recommending it as overweight.
With a median target price of $99.00, the current consensus forecast for the stock is $84.90 – $110.00. Based on these forecasts, analysts predict The TJX Companies Inc. (TJX) will achieve an average price target of $98.76.
