In yesterday’s Wall Street session, The TJX Companies Inc. (NYSE:TJX) shares traded at $76.55, up 0.45% from the previous session.
25 analysts cover The TJX Companies Inc. (NYSE:TJX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $75.00, we find $89.00. Given the previous closing price of $76.21, this indicates a potential upside of 16.78 percent. TJX stock price is now -2.22% away from the 50-day moving average and 8.39% away from the 200-day moving average. The market capitalization of the company currently stands at $88.17B.
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The stock has received a hold rating from 6 analysts and a buy rating from 15. Brokers who have rated the stock have averaged $87.62 as their price target over the next twelve months.
With the price target maintained at $80, Gordon Haskett recently Upgraded its rating from Hold to Buy for The TJX Companies Inc. (NYSE: TJX). On August 02, 2022, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $70, while ‘Gordon Haskett’ rates the stock as ‘Hold’.
In other news, MEYROWITZ CAROL, Executive Chairman sold 16,223 shares of the company’s stock on Nov 22. The stock was sold for $1,294,470 at an average price of $79.79. Upon completion of the transaction, the Executive Chairman now directly owns 209,390 shares in the company, valued at $16.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, SEVP – Group President Greenlees Louise sold 6,708 shares of the business’s stock. A total of $536,577 was realized by selling the stock at an average price of $79.99. This leaves the insider owning 51,627 shares of the company worth $3.95 million. Insiders disposed of 610,797 shares of company stock worth roughly $46.76 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TJX stock. A new stake in The TJX Companies Inc. shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $197,319,000. PROVIDENT TRUST CO invested $92,538,000 in shares of TJX during the first quarter. In the first quarter, CI PRIVATE WEALTH, LLC acquired a new stake in The TJX Companies Inc. valued at approximately $86,771,000. FARMER STEVEN PATRICK acquired a new stake in TJX for approximately $81,552,000. AGF MANAGEMENT LTD purchased a new stake in TJX valued at around $71,525,000 in the second quarter. In total, there are 2,181 active investors with 94.80% ownership of the company’s stock.
On Wednesday morning The TJX Companies Inc. (NYSE: TJX) stock kicked off with the opening price of $76.39. During the past 12 months, The TJX Companies Inc. has had a low of $53.69 and a high of $83.13. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 1.20, and a quick ratio of 0.40. The fifty day moving average price for TJX is $78.29 and a two-hundred day moving average price translates $70.63 for the stock.
The latest earnings results from The TJX Companies Inc. (NYSE: TJX) was released for Oct, 2022. According to the Apparel Retail Company, earnings per share came in at $0.86, beating analysts’ expectations of $0.8 by 0.06. This compares to $0.78 EPS in the same period last year. The net profit margin was 6.70% and return on equity was 59.30% for TJX. The company reported revenue of $14.52 billion for the quarter, compared to $13.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.8 percent. For the current quarter, analysts expect TJX to generate $14.07B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/11/2023 were paid a $0.3325 dividend. On an annualized basis, this represents a $1.18 dividend and a 1.54% percent yield. There was an ex-dividend date of 05/10/2023 for this dividend. In terms of dividend payout ratio, TJX is presently at 28.70%.
The TJX Companies Inc.(TJX) Company Profile
The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise. As of February 23, 2022, it operated 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 293 Winners, 147 HomeSense, and 106 Marshalls stores in Canada; 618 T.K. Maxx and 77 Homesense stores, as well as tkmaxx.com in Europe; and 68 T.K. Maxx stores in Australia. The company was incorporated in 1962 and is headquartered in Framingham, Massachusetts.
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