TJX Companies, Inc. (NYSE:TJX): A Fundamentally Weighted Stock for Long-Term Investors

The stock of TJX Companies, Inc. (NYSE:TJX) last traded at $90.42, down -0.39% from the previous session.

Data from the available sources indicates that TJX Companies, Inc. (NYSE:TJX) is covered by 26 analysts. 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 $90.00, we find $99.50. Given the previous closing price of $90.77, this indicates a potential upside of 9.62 percent. TJX stock price is now 0.59% away from the 50-day moving average and 9.02% away from the 200-day moving average. The market capitalization of the company currently stands at $103.45B.

In total, 5 analysts have assigned it a hold rating, and 17 have given it a buy rating. Brokers who have rated the stock have averaged $100.16 as their price target over the next twelve months.

With the price target of $105, Evercore ISI recently initiated with Outperform rating for TJX Companies, Inc. (NYSE: TJX).

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 $12.21 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 $10.42 million. Insiders disposed of 652,403 shares of company stock worth roughly $58.99 million over the past 1 year. A total of 0.15% of the company’s stock is owned by insiders.

With an opening price of $90.53 on Wednesday morning, TJX Companies, Inc. (NYSE: TJX) set off the trading day. During the past 12 months, TJX Companies, Inc. has had a low of $69.93 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 $111.96B, which is based on a 26.52 price-to-earnings ratio, a 2.05 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for TJX is $89.89 and a two-hundred day moving average price translates $82.94 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.

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.

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