In yesterday’s Wall Street session, TJX Companies, Inc. (NYSE:TJX) shares traded at $89.07, down -0.52% from the previous session.
As of this writing, 26 analysts cover 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 $110.00 and a low of $90.00, we find $100.50. Given the previous closing price of $89.54, this indicates a potential upside of 12.24 percent. TJX stock price is now -0.63% away from the 50-day moving average and 6.89% away from the 200-day moving average. The market capitalization of the company currently stands at $101.90B.
There are 5 analysts who have given it a hold rating, whereas 17 have given it a buy rating. Brokers who have rated the stock have averaged $101.25 as their price target over the next twelve months.
With the price target enhanced from $100 to $105, Telsey Advisory Group maintained Outperform rating for TJX Companies, Inc. (NYSE: TJX).
In other news, Herrman Ernie, CEO & President sold 35,907 shares of the company’s stock on Nov 17. The stock was sold for $3,206,132 at an average price of $89.29. Upon completion of the transaction, the CEO & President now directly owns 595,191 shares in the company, valued at $53.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 29, Executive Chairman MEYROWITZ CAROL sold 64,817 shares of the business’s stock. A total of $5,906,838 was realized by selling the stock at an average price of $91.13. This leaves the insider owning 135,050 shares of the company worth $12.03 million. Insiders disposed of 507,149 shares of company stock worth roughly $45.17 million over the past 1 year. A total of 0.15% of the company’s stock is owned by insiders.
Tuesday morning saw TJX Companies, Inc. (NYSE: TJX) opened at $89.78. During the past 12 months, TJX Companies, Inc. has had a low of $72.92 and a high of $93.78. As of last week, the company has a debt-to-equity ratio of 1.83, a current ratio of 1.19, and a quick ratio of 0.47. According to the stock market information, the enterprise value for the company is $110.67B, which is based on a 25.22 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for TJX is $89.57 and a two-hundred day moving average price translates $83.37 for the stock.
The latest earnings results from TJX Companies, Inc. (NYSE: TJX) was released for Oct, 2023. According to the Apparel Retail Company, earnings per share came in at $0.94, beating analysts’ expectations of $0.91 by 0.03. This compares to $0.91 EPS in the same period last year. The net profit margin was 7.85% and return on equity was 65.76% for TJX. The company reported revenue of $13.27 billion for the quarter, compared to $12.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.03 percent. For the current quarter, analysts expect TJX to generate $14.81B 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.
