The stock of The TJX Companies Inc. (NYSE: TJX) has decreased by -1.23 when compared to last closing price of 93.59. Despite this, the company has experienced a 1.08% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-15 that TJX (TJX) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in The TJX Companies Inc. (NYSE: TJX) Right Now?
The TJX Companies Inc. (NYSE: TJX) has a higher price-to-earnings ratio of 27.12x compared to its average ratio,, and the 36-month beta value for TJX is at 0.90. Analysts have varying views on the stock, with 16 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for TJX is $99.83, which is $7.51 above the current market price. The public float for TJX is 1.14B, and currently, shorts hold a 0.76% of that float. The average trading volume for TJX on September 18, 2023 was 4.76M shares.
TJX’s Market Performance
TJX’s stock has seen a 1.08% increase for the week, with a 3.50% rise in the past month and a 13.45% gain in the past quarter. The volatility ratio for the week is 1.07%, and the volatility levels for the past 30 days are at 1.34% for The TJX Companies Inc. The simple moving average for the last 20 days is 1.71% for TJX stock, with a simple moving average of 13.93% for the last 200 days.
TJX Trading at 5.26% from the 50-Day Moving Average
After a stumble in the market that brought TJX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.43% of loss for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.07%, as shares surge +4.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.79% upper at present.
During the last 5 trading sessions, TJX rose by +1.08%, which changed the moving average for the period of 200-days by +15.51% in comparison to the 20-day moving average, which settled at $91.09. In addition, The TJX Companies Inc. saw 16.13% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TJX starting from MEYROWITZ CAROL, who sale 64,817 shares at the price of $91.13 back on Aug 29. After this action, MEYROWITZ CAROL now owns 135,050 shares of The TJX Companies Inc., valued at $5,906,838 using the latest closing price.
Canestrari Kenneth, the SEVP – Group President of The TJX Companies Inc., sale 4,197 shares at $90.00 during a trade that took place back on Aug 23, which means that Canestrari Kenneth is holding 115,223 shares at $377,730 based on the most recent closing price.
Stock Fundamentals for TJX
Current profitability levels for the company are sitting at:
- +9.47 for the present operating margin
- +27.38 for the gross margin
The net margin for The TJX Companies Inc. stands at +7.00. The total capital return value is set at 25.15, while invested capital returns managed to touch 20.62. Equity return is now at value 63.50, with 13.90 for asset returns.
Based on The TJX Companies Inc. (TJX), the company’s capital structure generated 200.25 points at debt to equity in total, while total debt to capital is 66.69. Total debt to assets is 44.95, with long-term debt to equity ratio resting at 167.10. Finally, the long-term debt to capital ratio is 55.65.
When we switch over and look at the enterprise to sales, we see a ratio of 2.21, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 76.00 and the total asset turnover is 1.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In conclusion, The TJX Companies Inc. (TJX) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
