TJX Companies, Inc. (NYSE:TJX) shares traded -1.17% lower at $88.10 on Wall Street last session.
In accordance with the data, 25 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 $91.00, we find $100.50. Given the previous closing price of $89.14, this indicates a potential upside of 12.74 percent. TJX stock price is now -1.37% away from the 50-day moving average and 5.43% away from the 200-day moving average. The market capitalization of the company currently stands at $100.79B.
It has been rated a hold by 5 analysts and a buy by 17. Brokers who have rated the stock have averaged $101.70 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 $52.44 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 $11.9 million. Insiders disposed of 399,878 shares of company stock worth roughly $35.23 million over the past 1 year. A total of 0.15% of the company’s stock is owned by insiders.
TJX Companies, Inc. (NYSE: TJX) opened at $89.44 on Wednesday. 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 $110.21B, which is based on a 24.95 price-to-earnings ratio, a 1.91 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for TJX is $89.26 and a two-hundred day moving average price translates $83.60 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 $0.9 by 0.04. 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 $14.74B in revenue.
