TJX Companies, Inc (NYSE: TJX) Not A Good Play Anymore?

TJX Companies, Inc (TJX) concluded trading on Wednesday at a closing price of $125.50, with 4.49 million shares of worth about $563.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.43% during that period and on December 04, 2024 the price saw a gain of about 0.60%. Currently the company’s common shares owned by public are about 1.13B shares, out of which, 1.12B shares are available for trading.

Stock saw a price change of -0.55% in past 5 days and over the past one month there was a price change of 11.37%. Year-to-date (YTD), TJX shares are showing a performance of 33.78% which increased to 41.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $87.44 but also hit the highest price of $128.00 during that period. The average intraday trading volume for TJX Companies, Inc shares is 4.75 million. The stock is currently trading 3.34% above its 20-day simple moving average (SMA20), while that difference is up 6.72% for SMA50 and it goes to 15.39% 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 90.86% of that.

The stock has a current market capitalization of $141.55B and its 3Y-monthly beta is at 0.91. PE ratio of stock for trailing 12 months is 29.54, while it has posted earnings per share of $4.25 in the same period. Its PEG reads 3.28 and has Quick Ratio of 0.50 while making debt-to-equity ratio of 1.56. 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 1.34% while standing at 1.74% over the month.

Stock’s fiscal year EPS is expected to rise by 8.54% while it is estimated to increase by 9.46% in next year. EPS is likely to shrink at an annualized rate of 9.00% 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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