TJX Companies, Inc. (NYSE: TJX) has a price-to-earnings ratio of 25.81x that is above its average ratio. Additionally, the 36-month beta value for TJX is 0.86. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 9 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for TJX is 1.14B and currently, short sellers hold a 1.16% ratio of that float. The average trading volume of TJX on April 02, 2024 was 5.07M shares.
TJX) stock’s latest price update
TJX Companies, Inc. (NYSE: TJX)’s stock price has decreased by -1.70 compared to its previous closing price of 101.42. However, the company has seen a 0.22% increase in its stock price over the last five trading sessions. Yahoo Finance reported 2024-03-31 that While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy’s (M) announcing it will shutter 150 locations. Discount retailers like The TJX Companies (TJX) and Burlington Stores (BURL), however, have held up as consumers seek sales elsewhere under the pressure of inflation.
TJX’s Market Performance
TJX’s stock has risen by 0.22% in the past week, with a monthly rise of 0.56% and a quarterly rise of 6.93%. The volatility ratio for the week is 1.43% while the volatility levels for the last 30 days are 1.35% for TJX Companies, Inc. The simple moving average for the last 20 days is 1.63% for TJX stock, with a simple moving average of 9.70% for the last 200 days.
Analysts’ Opinion of TJX
Many brokerage firms have already submitted their reports for TJX stocks, with Redburn Atlantic repeating the rating for TJX by listing it as a “Neutral.” The predicted price for TJX in the upcoming period, according to Redburn Atlantic is $100 based on the research report published on February 05, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see TJX reach a price target of $105, previously predicting the price at $100. The rating they have provided for TJX stocks is “Outperform” according to the report published on November 16th, 2023.
Evercore ISI gave a rating of “Outperform” to TJX, setting the target price at $105 in the report published on November 07th of the previous year.
TJX Trading at 2.07% 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 -3.05% of loss for the given period.
Volatility was left at 1.35%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +1.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.22% upper at present.
During the last 5 trading sessions, TJX rose by +0.22%, which changed the moving average for the period of 200-days by +23.04% in comparison to the 20-day moving average, which settled at $98.16. In addition, TJX Companies, Inc. saw 6.28% 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 Herrman Ernie, who sale 20,000 shares at the price of $98.98 back on Mar 21 ’24. After this action, Herrman Ernie now owns 515,801 shares of TJX Companies, Inc., valued at $1,979,676 using the latest closing price.
Herrman Ernie, the CEO & President of TJX Companies, Inc., sale 20,304 shares at $97.57 during a trade that took place back on Mar 13 ’24, which means that Herrman Ernie is holding 535,801 shares at $1,981,145 based on the most recent closing price.
Stock Fundamentals for TJX
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.3 for the gross margin
The net margin for TJX Companies, Inc. stands at 0.08. The total capital return value is set at 0.3. Equity return is now at value 65.48, with 15.40 for asset returns.
Based on TJX Companies, Inc. (TJX), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 1.35. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is -49.97.
Currently, EBITDA for the company is 6.76 billion with net debt to EBITDA at 1.03. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
In conclusion, TJX Companies, Inc. (TJX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
