Monday, March 1, 2021

For The TJX Companies Inc. [TJX], Analyst sees a drop to $69. What next?

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The TJX Companies Inc. [NYSE: TJX] gained 0.61% or 0.42 points to close at $69.02 with a heavy trading volume of 5785470 shares. The company report on February 10, 2021 that The TJX Companies, Inc. to Report Fourth Quarter and Full Year Fiscal 2021 Results February 24, 2021.

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The TJX Companies, Inc. (NYSE: TJX) announced that it plans to release its fourth quarter and full year Fiscal 2021 sales and earnings results on Wednesday, February 24, 2021, before 9:30 a.m. ET.


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At 11:00 a.m. ET that day, Ernie Herrman, TJX’s Chief Executive Officer and President, will hold a conference call to discuss the Company’s fourth quarter and full year Fiscal 2021 results, operations, and business trends. A real-time webcast of the call will be available to the public at TJX.com. A replay of the call will also be available by dialing (866) 367-5577 (toll free) or (203) 369-0233 through Wednesday, March 3, 2021, or at TJX.com.

It opened the trading session at $68.63, the shares rose to $70.25 and dropped to $68.33, the range by which the price of stock traded the whole day. The daily chart for TJX points out that the company has recorded 19.56% gains over the past six months. However, it is still -110.94% lower than its most recent low trading price.

If we look at the average trading volume of 7.09M shares, TJX reached to a volume of 5785470 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The TJX Companies Inc. [TJX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TJX shares is $75.54 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TJX stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for The TJX Companies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 11, 2020. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $64 to $68. The new note on the price target was released on August 17, 2020, representing the official price target for The TJX Companies Inc. stock. Previously, the target price had yet another raise to $60, while Atlantic Equities analysts kept a Overweight rating on TJX stock.

The Average True Range (ATR) for The TJX Companies Inc. is set at 1.74, with the Price to Sales ratio for TJX stock in the period of the last 12 months amounting to 2.49. The Price to Book ratio for the last quarter was 14.87, with the Price to Cash per share for the same quarter was set at 8.78. Price to Free Cash Flow for TJX in the course of the last twelve months was 15.84 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for TJX stock

The TJX Companies Inc. [TJX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.64. With this latest performance, TJX shares gained by 0.91% in over the last four-week period, additionally plugging by 19.56% over the last 6 months – not to mention a rise of 9.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TJX stock in for the last two-week period is set at 57.71, with the RSI for the last a single of trading hit 60.01, and the three-weeks RSI is set at 56.99 for The TJX Companies Inc. [TJX]. The present Moving Average for the last 50 days of trading for this stock 67.15, while it was recorded at 68.98 for the last single week of trading, and 57.51 for the last 200 days.

The TJX Companies Inc. [TJX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and The TJX Companies Inc. [TJX] shares currently have an operating margin of +10.56 and a Gross Margin at +28.45. The TJX Companies Inc.’s Net Margin is presently recorded at +7.84.

Return on Total Capital for TJX is now 35.33, given the latest momentum, and Return on Invested Capital for the company is 27.82. Return on Equity for this stock inclined to 59.51, with Return on Assets sitting at 17.01. When it comes to the capital structure of this company, The TJX Companies Inc. [TJX] has a Total Debt to Total Equity ratio set at 192.74. Additionally, TJX Total Debt to Total Capital is recorded at 65.84, with Total Debt to Total Assets ending up at 47.48. Long-Term Debt to Equity for the company is recorded at 169.01, with the Long-Term Debt to Total Capital now at 57.74.

Reflecting on the efficiency of the workforce at the company, The TJX Companies Inc. [TJX] managed to generate an average of $11,441 per employee. Receivables Turnover for the company is 113.89 with a Total Asset Turnover recorded at a value of 2.17.The TJX Companies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.

The TJX Companies Inc. [TJX]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, The TJX Companies Inc. posted 0.81/share EPS, while the average EPS was predicted by analysts to be reported at 0.77/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TJX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The TJX Companies Inc. go to 5.01%.

An analysis of insider ownership at The TJX Companies Inc. [TJX]

There are presently around $74,091 million, or 92.40% of TJX stock, in the hands of institutional investors. The top three institutional holders of TJX stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 97,613,411, which is approximately 4.999% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 95,642,013 shares of the stock with an approximate value of $6.6 billion in TJX stocks shares; and BLACKROCK INC., currently with $6.0 billion in TJX stock with ownership of nearly -14.866% of the company’s market capitalization.

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Positions in The TJX Companies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 737 institutional holders increased their position in The TJX Companies Inc. [NYSE:TJX] by around 83,156,410 shares. Additionally, 674 investors decreased positions by around 71,554,152 shares, while 201 investors held positions by with 918,755,231 shares. The mentioned changes placed institutional holdings at 1,073,465,793 shares, according to the latest SEC report filing. TJX stock had 183 new institutional investments in for a total of 15,052,308 shares, while 86 institutional investors sold positions of 4,428,644 shares during the same period.

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