As of Wednesday close, The TJX Companies Inc.’s (NYSE:TJX) stock was down -$0.34, moving down -0.37 percent to $90.66. The average number of shares traded per day over the past five days has been 5,822,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.26 fall in that time frame. In the last twenty days, the average volume was 5,091,990, while in the previous 50 days, it was 4,919,536.
Since last month, TJX stock rose 1.16%. Shares of the company fell to $87.81 on 08/25/23, the lowest level in the past month. A 52-week high of $93.78 was reached on 09/14/23 after having rallying from a 52-week low of $59.78. Since the beginning of this year, TJX’s stock price has risen by 13.89% or $11.06, and marked a new high 23 times. However, the stock has declined by -3.33% 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 23 days ago on Aug 29. MEYROWITZ CAROL, the Executive Chairman of the company, disposed of 64,817 shares for $91.13 on Aug 29. It resulted in a $5,906,838 divestment by the insider. Canestrari Kenneth sold 4,197 shares at an average price of $90.00 on Aug 23. The insider now owns 115,223 shares following the transaction. On Aug 17, CEO & President Herrman Ernie sold 45,000 shares at $89.04 apiece. The transaction was valued at $4,006,912.
Valuation Metrics
Right now, The TJX Companies Inc. (TJX) has a P/E ratio of about 26.59. The stock’s beta is 0.90. Besides these, the trailing price-to-sales (P/S) ratio of 2.05, the price-to-book (PB) ratio of 15.74, and the price-to-cash flow ratio of 22.93 may also be considered.
The latest dividend of $0.3325 per share was paid out, remained unchanged from last year’s $0.3325.
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 0.43, and the total debt-to-equity ratio was 0.43. On the profitability front, the trailing twelve-month gross margin is 28.50% percent. In the recent year, EBITDA margin amounted to 11.25%, whereas operating margins totaled 10.00%. 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 63.50%.
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 7.17% to $11.78 billion during the quarter, while net income inched up to $12.76 billion. During the quarter, the company generated $1.56 billion in EBITDA. The liabilities of The TJX Companies Inc. were 22.31 billion at the end of its most recent quarter, and its total debt was $12.57 billion. The value of shareholders’ equity is $1.14 billion.
Technical Picture
This quick technical analysis looks at The TJX Companies Inc.’s (TJX) price momentum. With a historical volatility rate of 11.24%, the RSI 9-day stood at 44.36% on 20 September.
With respect to its five-day moving average, the current The TJX Companies Inc. price is down by -2.43% percent or -$2.26. At present, TJX shares trade +1.75% above its 20-day simple moving average and +14.85% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.99% above its SMA50 and +13.69% above its SMA200.
Stochastic coefficient K was 24.49% and Stochastic coefficient D was 48.68%, while ATR was 1.19. Given the Stochastic reading of 5.74% for the 14-day period, the RSI (14) reading has been calculated as 51.14%. As of today, the MACD Oscillator reading stands at -0.77, while the 14-day reading stands at -0.71.
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 $90.00 – $110.00. Based on these forecasts, analysts predict The TJX Companies Inc. (TJX) will achieve an average price target of $99.83.
