In yesterday’s Wall Street session, TJX Companies Inc. (NYSE:TJX) shares traded at $88.04, up 0.22% from the previous session.
As of this writing, 25 analysts cover TJX Companies Inc. (NYSE:TJX). The consensus rating among analysts is ‘Overweight’. TJX stock price is now -1.12% away from the 50-day moving average and 7.64% away from the 200-day moving average. The market capitalization of the company currently stands at $100.72B.
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There are 5 analysts who have given it a hold rating, whereas 16 have given it a buy rating.
In other news, MEYROWITZ CAROL, Executive Chairman sold 64,817 shares of the company’s stock on Aug 29. The stock was sold for $5,906,838 at an average price of $91.13. Upon completion of the transaction, the Executive Chairman now directly owns 135,050 shares in the company, valued at $11.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, SEVP – Group President Canestrari Kenneth sold 4,197 shares of the business’s stock. A total of $377,730 was realized by selling the stock at an average price of $90.00. This leaves the insider owning 115,223 shares of the company worth $10.14 million. Insiders disposed of 652,403 shares of company stock worth roughly $57.44 million over the past 1 year. A total of 0.16% 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 TJX Companies Inc. shares was purchased by CANDLESTICK CAPITAL MANAGEMENT LP during the first quarter worth $57,550,000. ABEILLE ASSET MANAGEMENT SA invested $31,548,000 in shares of TJX during the first quarter. In the first quarter, QUEST INVESTMENT MANAGEMENT LLC acquired a new stake in TJX Companies Inc. valued at approximately $12,875,000. AVALON INVESTMENT & ADVISORY acquired a new stake in TJX for approximately $12,400,000. POLARIS WEALTH ADVISORY GROUP, LLC purchased a new stake in TJX valued at around $9,975,000 in the second quarter. In total, there are 2,310 active investors with 92.42% ownership of the company’s stock.
Wednesday morning saw TJX Companies Inc. (NYSE: TJX) opened at $87.90. During the past 12 months, TJX Companies Inc. has had a low of $62.25 and a high of $93.78. As of last week, the company has a debt-to-equity ratio of 1.90, a current ratio of 1.20, and a quick ratio of 0.56. According to the stock market information, the enterprise value for the company is $108.53B, which is based on a 25.82 price-to-earnings ratio, a 2.00 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for TJX is $89.05 and a two-hundred day moving average price translates $81.84 for the stock.
The latest earnings results from 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 7.77% and return on equity was 66.32% 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 $1.31 dividend and a 1.48% 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 39.74%.
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, and gourmet food departments; jewelry and accessories; and other merchandise. The TJX Companies, Inc. was incorporated in 1962 and is headquartered in Framingham, Massachusetts.
