TJX Companies, Inc. (NYSE:TJX) shares traded 0.47% higher at $98.88 on Wall Street last session.
TJX stock price is now 2.00% away from the 50-day moving average and 9.68% away from the 200-day moving average. The market capitalization of the company currently stands at $112.69B.
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With the price target maintained at $100, Redburn Atlantic recently Downgraded its rating from Buy to Neutral for TJX Companies, Inc. (NYSE: TJX). On November 16, 2023, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $100 to quote $105, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Herrman Ernie, CEO & President sold 20,304 shares of the company’s stock on Mar 13 ’24. The stock was sold for $1,981,145 at an average price of $97.57. Upon completion of the transaction, the CEO & President now directly owns 535,801 shares in the company, valued at $52.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, CEO & President Herrman Ernie sold 20,000 shares of the business’s stock. A total of $1,967,916 was realized by selling the stock at an average price of $98.40. This leaves the insider owning 556,105 shares of the company worth $54.99 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, TJX Companies, Inc. has had a low of $73.65 and a high of $102.84. As of last week, the company has a debt-to-equity ratio of 1.72, a current ratio of 1.21, and a quick ratio of 0.64. According to the stock market information, the enterprise value for the company is $119.63B, which is based on a 25.60 price-to-earnings ratio, a 2.19 price-to-earnings-growth ratio, and a beta of 0.86. The fifty day moving average price for TJX is $97.06 and a two-hundred day moving average price translates $90.26 for the stock.
The latest earnings results from TJX Companies, Inc. (NYSE: TJX) was released for Feb, 2024. According to the Apparel Retail Company, earnings per share came in at $1.22, beating analysts’ expectations of $1.12 by 0.1. This compares to $0.88 EPS in the same period last year. The net profit margin was 8.25% and return on equity was 65.48% for TJX. The company reported revenue of $16.41 billion for the quarter, compared to $14.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.02 percent. For the current quarter, analysts expect TJX to generate $12.46B in revenue.
