With over 6.17 million TJX Companies, Inc. (TJX) shares trading Monday and a closing price of $89.10 on the day, the dollar volume was approximately $549.32 million. The shares have shown a positive half year performance of 15.71% and its price on 11/27/23 lost nearly -0.97%. Currently, there are 1.16B common shares owned by the public and among those 1.14B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 24 analysts who have offered their price forecasts for TJX have a consensus price objective of $101.79. The analysts have set the share’s price value over the next 12 months at a high of $110.00 and a low of $91.00. The average price target is 12.47% above its recent price level and an upside to the estimated low will see the stock gain 2.09% over that period. But an upside of 19.0% will see the stock hit the forecast high price target while median target price for the stock is $101.00.
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Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 342,854 shares. Insider sales of the common stock occurred on 27 occasions, with total insider shares sold totaling 399,878 shares.
Shares of TJX Companies, Inc. (NYSE: TJX) opened at $89.71, down -$0.26 from a prior closing price of $89.97. However, the script later moved the day high at 89.90, down -0.97%. The company’s stock has a 5-day price change of 0.29% and -1.31% over the past three months. TJX shares are trading 11.93% year to date (YTD), with the 12-month market performance up to 10.63% higher. It has a 12-month low price of $72.92 and touched a high of $93.78 over the same period. TJX has an average intraday trading volume of 5.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.76%, -0.38%, and 6.74% respectively.
Institutional ownership of TJX Companies, Inc. (NYSE: TJX) shares accounts for 91.80% of the company’s 1.16B shares outstanding.
It has a market capitalization of $101.94B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 25.23, while the earnings-per-share (ttm) stands at $3.53. The company has a PEG of 1.93 and a Quick Ratio of 0.47 with the debt-to-equity ratio at 1.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.38% over the week and 1.57% over the month.
Analysts forecast that TJX Companies, Inc. (TJX) will achieve an EPS of $1.01 for the current quarter, $0.79 for the next quarter and $3.75 for 2025. The lowest estimate earnings-per-share for the quarter is $0.98 while analysts give the company a high EPS estimate of $1.1. Comparatively, EPS for the current quarter was $0.89 a year ago. Earnings per share for the fiscal year are expected to increase by 20.70%, and 9.45% over the next financial year. EPS should grow at an annualized rate of 13.06% over the next five years, compared to 8.01% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 24 brokerage firm advisors rate TJX Companies, Inc. (TJX) as a “Strong Buy” at a consensus score of 1.54. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 5 of the 24 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TJX, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Outperform rating for the stock in a research note on November 16, 2023, with the firm’s price target at $100-$105.
