TJX Companies, Inc (NYSE: TJX) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 1.13B common shares owned by the public and among those 1.13B shares have been available to trade.

The company’s stock has a 5-day price change of -0.24% and -0.56% over the past three months. TJX shares are trading 27.45% year to date (YTD), with the 12-month market performance up to 34.58% higher. It has a 12-month low price of $87.44 and touched a high of $122.10 over the same period. TJX has an average intraday trading volume of 4.85 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 2.90%, 2.70%, and 11.27% respectively.

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Institutional ownership of TJX Companies, Inc (NYSE: TJX) shares accounts for 91.49% of the company’s 1.13B shares outstanding.

It has a market capitalization of $134.85B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 28.87, while the earnings-per-share (ttm) stands at $4.14. The company has a PEG of 3.21 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 1.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.49% over the week and 1.47% over the month.

Analysts forecast that TJX Companies, Inc (TJX) will achieve an EPS of 1.1 for the current quarter, 1.18 for the next quarter and 4.61 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.07 while analysts give the company a high EPS estimate of 1.07. Comparatively, EPS for the current quarter was 1.03 a year ago. Earnings per share for the fiscal year are expected to increase by 7.89%, and 10.24% over the next financial year. EPS should shrink at an annualized rate of 9.00% over the next five years, compared to 9.70% over the past 5-year period.

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 August 22, 2024, with the firm’s price target at $128-$134. Citigroup coverage for the TJX Companies, Inc (TJX) stock in a research note released on August 22, 2024 offered a Neutral rating with a price target of $128. Telsey Advisory Group was of a view on August 14, 2024 that the stock is Outperform, while UBS gave the stock Buy rating on May 02, 2024, issuing a price target of $104- $132. Goldman on their part issued Buy rating on April 25, 2024.

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