The Vanguard Group, Inc. has recently announced that it has increased stake in TJX Companies, Inc. (NYSE:TJX) by 0.39%. After grabbing 90.28 million shares, the institutional investor is now in possession of 0.35 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 7.89% having worth around $7.95 billion. Moreover, BlackRock Fund Advisors increased its share by 0.48 million to have a control over 50.61 million shares. And Fidelity Management & Research Co raised its holdings to 4.89 million shares by acquiring 45.07 million shares or 3.94% of the stake.
TJX Companies, Inc. (TJX) concluded trading on 12/27/23 at a closing price of $92.77, with 3.52 million shares of worth about $326.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.23% during that period and on Wednesday the price saw a loss of about -0.02%. Currently the company’s common shares owned by public are about 1.16B shares, out of which, 1.14B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 26 analysts are covering the TJX stock and their offered price forecasts bring an average price target of $101.78. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $110.00 and could fall to a lowest price of $91.00. The stock’s current price level is 8.85% above of average price target set by the analysts, while a rise to estimated low would result in loss of -1.95% for the stock. However, touching the estimated high of $110.00 would mean a gain of 15.66% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 386,074 shares in 17 of the transactions. In 17 selling transactions, insiders dumped 470,912 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Dividend Growth Fund are the top 3 mutual funds which are holding stakes in TJX Companies, Inc. Vanguard Total Stock Market ETF is currently holding 36.0 million shares of worth totaling $3.17 billion. The company recently came buying 43175.0 shares which brought its stake up to 3.15% of the company’s outstanding shares. Vanguard 500 Index Fund bought 0.13 million shares, after which its hold over company’s outstanding shares expand to 2.43%, leaving 27.75 million shares with the mutual fund that have a worth of about $2.45 billion. Vanguard Dividend Growth Fund, after selling 18.01 million shares, have now control over 1.57% of the stake in the company. It holds -3.9 million shares of worth $1.59 billion.
TJX Companies, Inc. (NYSE: TJX) started trading at $92.77, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 93.15, or with a loss of -0.02%. Stock saw a price change of 1.63% in past 5 days and over the past one month there was a price change of 4.12%. Year-to-date (YTD), TJX shares are showing a performance of 16.55% which increased to 16.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.92 but also hit the highest price of $93.78 during that period. The average intraday trading volume for TJX Companies, Inc. shares is 5.31 million. The stock is currently trading 3.20% above its 20-day simple moving average (SMA20), while that difference is up 3.38% for SMA50 and it goes to 9.52% higher than SMA200.
The Vanguard Group, Inc. acquired 90.28 million shares of TJX Companies, Inc. having value of about $7.95 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.35 million shares in the company valued at close to $32423671.62, or have control over 0.39% stake in the company. TJX Companies, Inc. (NYSE: TJX) currently have 1.16B outstanding shares and institutions hold larger chunk of about 92.22% of that. Holding of mutual funds in the company is about 43.77% while other institutional holders and individual stake holders have control over 48.88% and 0.91% of the stake respectively.
The stock has a current market capitalization of $105.73B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 26.27, while it has posted earnings per share of $3.53 in the same period. Its PEG reads 2.01 and has Quick Ratio of 0.47 while making debt-to-equity ratio of 1.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TJX, volatility over the week remained 1.07% while standing at 1.32% over the month.
Analysts are in expectations that TJX Companies, Inc. (TJX) stock would likely to be making an EPS of $1.11 in the current quarter, while forecast for next quarter EPS is $0.87 and it is $4.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.07 which is $1.2 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.89 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.72% while it is estimated to increase by 9.57% in next year. EPS is likely to grow at an annualized rate of 13.06% for next 5-years, compared to annual growth of 8.01% made by the stock over the past 5-years.
Analysts at 26 brokerage firms have issued recommendations for the TJX Companies, Inc. (TJX)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.62. Out of those 26 Wall Street analysts, 17 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on November 16, 2023 offering an Outperform rating for the stock and assigned a target price range of between $100 and $105 to it.
