Market Analysts see The TJX Companies Inc. [TJX] gaining to $92. Time to buy?


The TJX Companies Inc. [NYSE: TJX] jumped around 1.17 points on Tuesday, while shares priced at $76.72 at the close of the session, up 1.55%. The company report on November 17, 2021 that The TJX Companies, Inc. Reports Very Strong Q3 FY22 Sales and EPS Results; Q3 FY22 Overall Open-Only Comp Store Sales Increased 14% Versus Q3 FY20 and Earnings Per Share Increased 24% Versus Q3 FY20.

Q3 FY22 overall open-only comp store sales increased 14% over Q3 FY20.

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Q3 FY22 marks the third consecutive quarter that overall open-only comp store sales increased mid-teens or better.

The TJX Companies Inc. stock is now 1.05% up from its year-to-date (YTD) trading value. TJX Stock saw the intraday high of $77.35 and lowest of $75.71 per share. The company’s 52-week high price is 76.94, which means current price is +1.63% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 6.71M shares, TJX reached a trading volume of 5866229 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $85.96 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 1.90. 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.

Truist have made an estimate for The TJX Companies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 16, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on November 30, 2021, representing the official price target for The TJX Companies Inc. stock. On November 18, 2021, analysts increased their price target for TJX shares from 81 to 88.

The Average True Range (ATR) for The TJX Companies Inc. is set at 1.57, with the Price to Sales ratio for TJX stock in the period of the last 12 months amounting to 1.99. The Price to Book ratio for the last quarter was 14.29, with the Price to Cash per share for the same quarter was set at 5.72. Price to Free Cash Flow for TJX in the course of the last twelve months was 206.64 with Quick ratio for the last quarter at 0.70.

How has TJX stock performed recently?

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 2.61. With this latest performance, TJX shares gained by 8.53% in over the last four-week period, additionally plugging by 13.41% over the last 6 months – not to mention a rise of 14.99% 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 66.55, with the RSI for the last a single of trading hit 71.32, and the three-weeks RSI is set at 63.61 for The TJX Companies Inc. [TJX]. The present Moving Average for the last 50 days of trading for this stock 71.22, while it was recorded at 75.84 for the last single week of trading, and 69.07 for the last 200 days.

The TJX Companies Inc. [TJX]: Deeper insight into the fundamentals

The TJX Companies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.30.

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Insider trade positions for The TJX Companies Inc. [TJX]

There are presently around $81,351 million, or 92.10% of TJX stock, in the hands of institutional investors. The top three institutional holders of TJX stocks are: VANGUARD GROUP INC with ownership of 90,634,840, which is approximately 0.952% of the company’s market cap and around 0.10% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 88,309,228 shares of the stock with an approximate value of $6.67 billion in TJX stocks shares; and BLACKROCK INC., currently with $6.05 billion in TJX stock with ownership of nearly -2.537% of the company’s market capitalization.

817 institutional holders increased their position in The TJX Companies Inc. [NYSE:TJX] by around 64,506,284 shares. Additionally, 604 investors decreased positions by around 47,016,145 shares, while 249 investors held positions by with 965,256,853 shares. The mentioned changes placed institutional holdings at 1,076,779,282 shares, according to the latest SEC report filing. TJX stock had 127 new institutional investments in for a total of 15,530,883 shares, while 92 institutional investors sold positions of 10,492,343 shares during the same period.