Stocks of The TJX Companies Inc. (NYSE:TJX) traded higher last session on Wall Street, up 0.76% to $90.97.
According to the data, The TJX Companies Inc. (NYSE:TJX) has 25 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $84.90, we find $99.00. Given the previous closing price of $90.28, this indicates a potential upside of 9.66 percent. TJX stock price is now 6.32% away from the 50-day moving average and 13.39% away from the 200-day moving average. The market capitalization of the company currently stands at $103.95B.
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A total of 5 analysts have issued a hold rating and 16 have given it a buy rating. Brokers who have rated the stock have averaged $98.76 as their price target over the next twelve months.
In other news, Canestrari Kenneth, SEVP – Group President sold 4,197 shares of the company’s stock on Aug 23. The stock was sold for $377,730 at an average price of $90.00. Upon completion of the transaction, the SEVP – Group President now directly owns 115,223 shares in the company, valued at $10.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, CEO & President Herrman Ernie sold 45,000 shares of the business’s stock. A total of $4,006,912 was realized by selling the stock at an average price of $89.04. This leaves the insider owning 642,098 shares of the company worth $58.41 million. Insiders disposed of 556,431 shares of company stock worth roughly $50.62 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 CANDLESTICK CAPITAL MANAGEMENT LP during the first quarter worth $59,465,000. ABEILLE ASSET MANAGEMENT SA invested $32,598,000 in shares of TJX during the first quarter. In the first quarter, KEHRS RIDGE CAPITAL,LLC acquired a new stake in The TJX Companies Inc. valued at approximately $18,194,000. QUEST INVESTMENT MANAGEMENT LLC acquired a new stake in TJX for approximately $13,303,000. AVALON INVESTMENT & ADVISORY purchased a new stake in TJX valued at around $12,813,000 in the second quarter. In total, there are 2,310 active investors with 94.80% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $90.00 for The TJX Companies Inc. (NYSE: TJX). During the past 12 months, The TJX Companies Inc. has had a low of $59.78 and a high of $90.40. As of last week, the company has a debt-to-equity ratio of 0.52, 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 $111.31B, which is based on a 26.69 price-to-earnings ratio, a 2.06 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for TJX is $85.76 and a two-hundred day moving average price translates $80.33 for the stock.
The latest earnings results from The TJX Companies Inc. (NYSE: TJX) was released for Jul, 2023. According to the Apparel Retail Company, earnings per share came in at $0.85, beating analysts’ expectations of $0.77 by 0.08. This compares to $0.69 EPS in the same period last year. The net profit margin was 6.80% and return on equity was 58.70% for TJX. The company reported revenue of $12.76 billion for the quarter, compared to $11.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.73 percent. For the current quarter, analysts expect TJX to generate $13.05B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/31/2023. Investors who held shares on 08/10/2023 were paid a $0.3325 dividend. On an annualized basis, this represents a $1.33 dividend and a 1.46% percent yield. There was an ex-dividend date of 08/09/2023 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.
