Growth Story Still Intact For TJX Companies, Inc. (TJX)

TJX Companies, Inc. (TJX) concluded trading on Wednesday at a closing price of $117.52, with 5.45 million shares of worth about $640.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.67% during that period and on September 04, 2024 the price saw a loss of about -0.02%. Currently the company’s common shares owned by public are about 1.13B shares, out of which, 1.13B shares are available for trading.

Stock saw a price change of -2.12% in past 5 days and over the past one month there was a price change of 7.93%. Year-to-date (YTD), TJX shares are showing a performance of 25.27% which increased to 26.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $86.71 but also hit the highest price of $121.13 during that period. The average intraday trading volume for TJX Companies, Inc. shares is 5.31 million. The stock is currently trading 2.70% above its 20-day simple moving average (SMA20), while that difference is up 3.95% for SMA50 and it goes to 16.64% higher than SMA200.

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TJX Companies, Inc. (NYSE: TJX) currently have 1.13B outstanding shares and institutions hold larger chunk of about 94.62% of that.

The stock has a current market capitalization of $132.55B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 28.38, while it has posted earnings per share of $4.14 in the same period. Its PEG reads 3.05 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 1.63. 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 1.53% while standing at 1.55% over the month.

Stock’s fiscal year EPS is expected to rise by 7.97% while it is estimated to increase by 10.15% in next year. EPS is likely to shrink at an annualized rate of 9.31% for next 5-years, compared to annual growth of 9.70% made by the stock over the past 5-years.

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 August 22, 2024 offering an Outperform rating for the stock and assigned a target price range of between $128 and $134 to it. Coverage by Citigroup stated TJX Companies, Inc. (TJX) stock as a Neutral in their note to investors on August 22, 2024, suggesting a price target of $128 for the stock. On August 14, 2024, Telsey Advisory Group Reiterated their recommendations, while on May 02, 2024, UBS Upgrade their ratings for the stock with a price target of $132. Stock get a Buy rating from Goldman on April 25, 2024.

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