Analysts Update Their Price Forecasts For TJX Companies, Inc (TJX)

TJX Companies, Inc (TJX) concluded trading on Wednesday at a closing price of $115.63, with 10.05 million shares of worth about $1.16 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.39% during that period and on November 06, 2024 the price saw a gain of about 1.65%. 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 2.37% in past 5 days and over the past one month there was a price change of 1.92%. Year-to-date (YTD), TJX shares are showing a performance of 23.26% which increased to 27.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $87.26 but also hit the highest price of $121.13 during that period. The average intraday trading volume for TJX Companies, Inc shares is 4.79 million. The stock is currently trading 0.87% above its 20-day simple moving average (SMA20), while that difference is down -0.41% for SMA50 and it goes to 8.66% 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 92.39% of that.

The stock has a current market capitalization of $130.42B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 27.93, while it has posted earnings per share of $4.14 in the same period. Its PEG reads 3.17 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 1.61% while standing at 1.41% over the month.

Stock’s fiscal year EPS is expected to rise by 8.00% while it is estimated to increase by 10.17% in next year. EPS is likely to shrink at an annualized rate of 8.81% 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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