The TJX Companies Inc. (NYSE:TJX) finished Thursday with a subtraction of -$1.7 to close at $88.31, a downside of -1.89 percent. An average of 5,392,980 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 36 times over the past 12 months. The last 20 days have seen an average of 5,258,940 shares traded, while the 50-day average volume stands at 4,725,376.
TJX stock has increased by 1.02% in the last month. The company shares reached their 1-month lowest point of $85.27 on 08/04/23. With the stock rallying to its 52-week high on 08/24/23, shares of the company touched a low of $59.78 and a high of $90.19 in 52 weeks. It has reached a new high 17 times so far this year and achieved 10.94% or $8.71 in price. In spite of this, the price is down -2.08% from the 52-week high.
Insider Transactions
TJX stock investors should be aware that The TJX Companies Inc. (TJX) stock had its last reported insider trading activity 2 days ago on Aug 23. In this transaction, the insider spent $377,730. CEO & President, Herrman Ernie, disposed of 45,000 shares at a price of $89.04 on Aug 17. The insider now owns more than $4,006,912 worth of shares. Prior to that, SEVP, Finance Goldenberg Scott went on to Sale 26,271 shares at $78.91 each on May 18. An amount of $2,072,924 was transacted.
Valuation Metrics
The TJX Companies Inc. (TJX) has a trailing price-to-earnings (P/E) ratio of 27.22. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.99, the price-to-book (PB) ratio at 15.85, and the price-to-cash flow ratio at 25.28.
The company has a payout ratio of 36.00%. The company’s most recent quarterly dividend payment was $0.3325 a share, without any change from last year. Its latest increase dividend $0.0375 reported on Tuesday March 28 2023.
Financial Health
The quick ratio of The TJX Companies Inc. for the three months ended July 30 was 0.60, 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 0.45 and a total debt to equity ratio of 0.52 for the quarter ending July 30. The TJX Companies Inc.’s EBITDA margin for the year ending July 30 is 11.25%, while its operating margin for the same period stands at 9.80%. Its gross profit as reported stood at $13.79 billion compared to revenue of $49.94 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 13.50%.
Earnings Surprise
For the three-month period that ended July 30, 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 $891.0 million in the quarter, while revenues of $823.2 million were grew 34.07%. The analyst consensus anticipated The TJX Companies Inc.’s latest quarter earnings to come in at $0.77 per share, but it turned out to be $0.85, a 10.40% surprise.
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 24 August was 54.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.88%.
As of today, TJX’s price is $89.31 +0.02% or $0.02 from its 5-day moving average. TJX is currently trading +2.15% higher than its 20-day SMA and +12.70% higher than its 100-day SMA. However, the stock’s current price level is +8.98% above the SMA50 and +24.05% above the SMA200.
The stochastic %K and %D were 77.99% and 83.25%, respectively, and the average true range (ATR) was 1.57. With the 14-day stochastic at 59.80% and the average true range at 1.47, the RSI (14) stands at 56.89%. The stock has reached 0.68 on the 9-day MACD Oscillator while the 14-day reading was at 1.47.
Analyst Ratings
Cleveland Research upgraded The TJX Companies Inc. (NYSE: TJX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. 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 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 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 $84.90 and $110.00, with a median target of $99.00. Taking a look at these predictions, the average price target given by analysts for The TJX Companies Inc. (TJX) stock is $98.76.
