TJX Companies Inc. (NYSE:TJX) saw a downside of -1.01% to close Monday at $88.26 after subtracting -$0.9 on the day. The 5-day average trading volume is 5,130,440 shares of the company’s common stock. It has gained $92.11 in the past week and touched a new high 1 time within the past 5 days. An average of 5,096,850 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,858,912.
TJX’s 1-month performance is -0.06% or -$0.56 on its low of $88.06 reached on 09/25/23. The company’s shares have touched a 52-week low of $59.78 and high of $93.78, with the stock’s rally to the 52-week high happening on 09/14/23. YTD, TJX has achieved 10.88% or $8.66 and has reached a new high 23 times. However, the current price is down -5.89% from the 52-week high price.
Insider Transactions
TJX stock investors last saw insider trading activity on Aug 29.MEYROWITZ CAROL (Executive Chairman) most recently sold 64,817 shares at $91.13 per share on Aug 29. This transaction cost the insider $5,906,838. SEVP – Group President, Canestrari Kenneth, sold 4,197 shares at a price of $90.00 on Aug 23. Then, on Aug 17, CEO & President Herrman Ernie sold 45,000 shares at a price of $89.04 per share. This transaction amounted to $4,006,912.
Valuation Metrics
TJX stock has a beta of 0.90. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.97 while the price-to-book (PB) in the most recent quarter is 15.29, with the price to cash flow ratio at 22.01.
TJX Companies Inc.’s quick ratio for the period ended July 30 was 0.56, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.66, while the total debt to equity was 1.90. In terms of profitability, the gross margin trailing 12 months is 28.44%. The trailing 12-month EBITDA margin is 11.25% while for the period ending July 30, TJX Companies Inc.’s operating margin was 10.02%. The firm’s gross profit as reported stood at $13.79 billion against revenue of $49.94 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 18.17% to $989.0 million, while revenue of $891.0 million was 9.91% off the previous quarter. Analysts expected TJX to announce $0.77 per share in earnings in its latest quarter, but it posted $0.85, representing a 10.40% surprise. EBITDA for the quarter stood at more than $1.56 billion. TJX stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 22.31 billion, with total debt at $12.57 billion. Shareholders hold equity totaling $1.14 billion.
Let’s look briefly at TJX Companies Inc. (TJX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 29.69% to suggest the stock is trending oversold, with historical volatility in this time period at 12.18%.
The stock’s 5-day moving average is $89.65, reflecting a -4.00% or -$3.68 change from its current price. TJX is currently trading -0.63% above its 20-day SMA, +12.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.93% and SMA200 by+11.21%.
Stochastic %K and %D was 4.23% and 6.00% and the average true range (ATR) pointed at 1.21. The RSI (14) points at 39.71%, while the 14-day stochastic is at 3.50% with the period’s ATR at 1.23. The stock’s 9-day MACD Oscillator is pointing at -2.15 and -2.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for TJX Companies Inc. (NYSE: TJX), Cleveland Research upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for TJX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate TJX as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 16 have offered a “buy” rating.
What is TJX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $90.00 and a high of $110.00, with their median price target at $99.00. Looking at these predictions, the average price target given by analysts is for TJX Companies Inc. (TJX) stock is $99.83.
