TJX Companies, Inc. (NYSE: TJX)’s stock price has decreased by -1.53 compared to its previous closing price of 94.42. However, the company has seen a -3.38% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that The TJX Companies (TJX) is benefiting from its solid store and e-commerce growth efforts. Also, the company is witnessing solid momentum in its core segments.
Is It Worth Investing in TJX Companies, Inc. (NYSE: TJX) Right Now?
TJX Companies, Inc. (NYSE: TJX) has a price-to-earnings ratio that is above its average at 24.07x. The stock has a 36-month beta value of 0.88. Opinions on the stock are mixed, with 14 analysts rating it as a “buy,” 9 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for TJX is 1.13B, and at present, short sellers hold a 1.09% of that float. On April 16, 2024, the average trading volume of TJX was 5.14M shares.
TJX’s Market Performance
The stock of TJX Companies, Inc. (TJX) has seen a -3.38% decrease in the past week, with a -5.73% drop in the past month, and a -2.16% fall in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.54% for TJX. The simple moving average for the past 20 days is -5.06% for TJX’s stock, with a 1.43% simple moving average for the past 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 -5.07% 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 -9.59% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -4.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.20% lower at present.
During the last 5 trading sessions, TJX fell by -3.38%, which changed the moving average for the period of 200-days by +12.48% in comparison to the 20-day moving average, which settled at $97.70. In addition, TJX Companies, Inc. saw -0.88% in overturn over a single year, with a tendency to cut further losses.
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 -50.43.
Currently, EBITDA for the company is 6.76 billion with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.07. The receivables turnover for the company is 92.21for trailing twelve months and the total asset turnover is 1.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To sum up, TJX Companies, Inc. (TJX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
