TJX Companies, Inc. (NYSE:TJX) shares, rose in value, with the stock price down by -1.57% to the previous day’s close as strong demand from buyers drove the stock to $95.75.
Actively observing the price movement in the last trading, the stock closed the session at $97.28. The value of beta (5-year monthly) was 0.87 whereas the PE ratio was 24.79 over 12-month period. Referring to stock’s 52-week performance, its high was $102.84, and the low was $75.65. On the whole, TJX has fluctuated by -1.68% over the past month.
With the market capitalization of TJX Companies, Inc. currently standing at about $109.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 15, 2024 – May 20, 2024. The company’s Forward Dividend Ratio is 1.33, with its dividend yield at 1.39%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.87, which is expected to increase to $1.02 for fiscal year $4.08 and then to about $4.51 by fiscal year 2026. Data indicates that the EPS growth is expected to be 5.70% in 2026, while the next year’s EPS growth is forecast to be 10.50%.
Analysts have estimated the company’s revenue for the quarter at $12.46 billion, with a low estimate of $12.35 billion and a high estimate of $12.57 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $56.23 billion, representing an increase of 3.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TJX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.12, with the price of TJX currently trading nearly -2.53% and -2.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.32, while the 7-day volatility ratio is showing 1.87% which for the 30-day chart, stands at 1.48%. Furthermore, TJX Companies, Inc. (TJX)’s beta value is 0.87, and its average true range (ATR) is 1.59.
A comparison of TJX Companies, Inc. (TJX) with its peers suggests the former has fared considerably weaker in the market. TJX showed an intraday change of -1.57% in last session, and over the past year, it grew by 21.42%%.
Data on historical trading for TJX Companies, Inc. (NYSE:TJX) indicates that the trading volumes over the past 10 days have averaged 5.15 million and over the past 3 months, they’ve averaged 5.02 million. According to company’s latest data on outstanding shares, there are 1.14 billion shares outstanding.
Nearly 0.13% of TJX Companies, Inc.’s shares belong to company insiders and institutional investors own 93.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.24 million shares as on Mar 15, 2024, resulting in a short ratio of 2.29. According to the data, the short interest in TJX Companies, Inc. (TJX) stood at 1.16% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.46 million. The stock has risen by 2.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TJX stock heading into the next quarter.
