The TJX Companies Inc. (NYSE:TJX) shares traded 0.93% higher at $78.95 on Wall Street last session.
In accordance with the data, 23 analysts cover The TJX Companies Inc. (NYSE:TJX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $96.00 and a low of $75.00, we find $89.00. Given the previous closing price of $78.22, this indicates a potential upside of 13.78 percent. TJX stock price is now 2.34% away from the 50-day moving average and 6.94% away from the 200-day moving average. The market capitalization of the company currently stands at $89.84B.
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It has been rated a hold by 6 analysts and a buy by 13. Brokers who have rated the stock have averaged $88.00 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 $16.53 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 $4.08 million. Insiders disposed of 733,513 shares of company stock worth roughly $57.91 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 OFI INVEST ASSET MANAGEMENT during the first quarter worth $2,262,281,000. RENAISSANCE TECHNOLOGIES LLC invested $161,192,000 in shares of TJX during the first quarter. In the first quarter, CANOE FINANCIAL LP acquired a new stake in The TJX Companies Inc. valued at approximately $89,381,000. FARMER STEVEN PATRICK acquired a new stake in TJX for approximately $84,484,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in TJX valued at around $44,187,000 in the second quarter. In total, there are 2,263 active investors with 94.80% ownership of the company’s stock.
The TJX Companies Inc. (NYSE: TJX) opened at $78.72 on Wednesday. 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 0.53, a current ratio of 1.20, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $97.45B, which is based on a 26.56 price-to-earnings ratio, a 2.37 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for TJX is $77.18 and a two-hundred day moving average price translates $73.91 for the stock.
The latest earnings results from The TJX Companies Inc. (NYSE: TJX) was released for Jan, 2023. According to the Apparel Retail Company, earnings per share came in at $0.89, inline with analysts’ expectations of $0.89. This compares to $0.78 EPS in the same period last year. The net profit margin was 7.00% and return on equity was 60.80% 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 4.81 percent. For the current quarter, analysts expect TJX to generate $11.82B 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 $1.33 dividend and a 1.68% 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 38.10%.
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 in the United States, Canada, Europe, and Australia. 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. The TJX Companies, Inc. was incorporated in 1962 and is headquartered in Framingham, Massachusetts.
