Wells Fargo slashes price target on The TJX Companies Inc. [TJX] – find out why.

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The TJX Companies Inc. [NYSE: TJX] jumped around 1.02 points on Monday, while shares priced at $62.30 at the close of the session, up 1.66%. The company report on May 1, 2022 that The TJX Companies, Inc. Issues Allergy Alert on Undeclared Milk in Certain Vegan Chocolate Products.

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The TJX Companies, Inc. of Framingham, MA is recalling certain vegan chocolate products because they may contain undeclared milk. People who have allergies to milk run the risk of serious or life-threatening allergic reactions if they consume these products. The products being recalled are:.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220501005026/en/.

The TJX Companies Inc. stock is now -17.94% down from its year-to-date (YTD) trading value. TJX Stock saw the intraday high of $62.34 and lowest of $60.54 per share. The company’s 52-week high price is 77.35, which means current price is +7.56% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 7.34M shares, TJX reached a trading volume of 8120835 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 $78.00 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 1.70. 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.

Wells Fargo have made an estimate for The TJX Companies Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on April 05, 2022. While these analysts kept the previous recommendation, Bernstein raised their target price to Mkt Perform. The new note on the price target was released on March 15, 2022, representing the official price target for The TJX Companies Inc. stock. Previously, the target price had yet another drop from $81 to $78, while Gordon Haskett kept a Buy rating on TJX stock. On February 24, 2022, analysts decreased their price target for TJX shares from 83 to 79.

The Average True Range (ATR) for The TJX Companies Inc. is set at 1.97, with the Price to Sales ratio for TJX stock in the period of the last 12 months amounting to 1.56. The Price to Book ratio for the last quarter was 12.34, with the Price to Cash per share for the same quarter was set at 5.13. Price to Free Cash Flow for TJX in the course of the last twelve months was 99.46 with Quick ratio for the last quarter at 0.70.

How has TJX stock performed recently?

The TJX Companies Inc. [TJX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.72. With this latest performance, TJX shares gained by 2.84% in over the last four-week period, additionally sinking by -4.87% over the last 6 months – not to mention a drop of -13.57% 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 48.49, with the RSI for the last a single of trading hit 48.11, and the three-weeks RSI is set at 48.14 for The TJX Companies Inc. [TJX]. The present Moving Average for the last 50 days of trading for this stock 62.61, while it was recorded at 61.96 for the last single week of trading, and 68.14 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and The TJX Companies Inc. [TJX] shares currently have an operating margin of +9.57 and a Gross Margin at +28.35. The TJX Companies Inc.’s Net Margin is presently recorded at +6.76.

Return on Equity for this stock inclined to 55.47, with Return on Assets sitting at 11.08.

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.

Earnings analysis for The TJX Companies Inc. [TJX]

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 13.10%.

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

There are presently around $67,350 million, or 93.40% of TJX stock, in the hands of institutional investors. The top three institutional holders of TJX stocks are: VANGUARD GROUP INC with ownership of 89,858,041, which is approximately -0.857% of the company’s market cap and around 0.20% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 83,641,888 shares of the stock with an approximate value of $5.21 billion in TJX stocks shares; and BLACKROCK INC., currently with $4.77 billion in TJX stock with ownership of nearly -4.335% of the company’s market capitalization.

Positions in The TJX Companies Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 912 institutional holders increased their position in The TJX Companies Inc. [NYSE:TJX] by around 65,234,585 shares. Additionally, 677 investors decreased positions by around 64,034,903 shares, while 231 investors held positions by with 951,787,875 shares. The mentioned changes placed institutional holdings at 1,081,057,363 shares, according to the latest SEC report filing. TJX stock had 196 new institutional investments in for a total of 9,952,404 shares, while 138 institutional investors sold positions of 9,206,967 shares during the same period.