TJX Companies, Inc. [NYSE: TJX] stock went on a downward path that fall over -0.56% on Tuesday, amounting to a one-week price decrease of less than -3.11%. The company report on February 28, 2024 at 7:30 AM that The TJX Companies, Inc. Reports Q4 and Full Year FY24 Results; Q4 Comp Store Sales Growth of 5%, Pretax Profit Margin, and Diluted EPS All Above Plan; Expects to Increase Dividend by 13% and Buy Back $2.0 to $2.5 Billion of Stock in FY25.
Q4 consolidated comparable store sales increased 5%, above the Company’s plan, and were entirely driven by an increase in customer transactions.
Q4 pretax profit margin of 11.2% and adjusted pretax profit margin of 10.9% were both well above the Company’s plan.
Over the last 12 months, TJX stock rose by 25.00%. The one-year TJX Companies, Inc. stock forecast points to a potential upside of 12.61. The average equity rating for TJX stock is currently 1.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $110.99 billion, with 1.16 billion shares outstanding and 1.14 billion shares in the current float. Compared to the average trading volume of 4.88M shares, TJX stock reached a trading volume of 5981356 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $111.44 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.
Redburn Atlantic have made an estimate for TJX Companies, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 05, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $100 to $105. The new note on the price target was released on November 16, 2023, representing the official price target for TJX Companies, Inc. stock. Previously, the target price had yet another raise to $105, while Evercore ISI analysts kept a Outperform rating on TJX stock.
The Average True Range (ATR) for TJX Companies, Inc. is set at 1.43, with the Price to Sales ratio for TJX stock in the period of the last 12 months amounting to 2.05. The Price to Book ratio for the last quarter was 16.26, with the Price to Cash per share for the same quarter was set at 4.91. Price to Free Cash Flow for TJX in the course of the last twelve months was 25.60 with Quick ratio for the last quarter at 0.64.
TJX Stock Performance Analysis:
TJX Companies, Inc. [TJX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.11. With this latest performance, TJX shares dropped by -0.12% in over the last four-week period, additionally plugging by 5.13% over the last 6 months – not to mention a rise of 25.00% 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 48.23, with the RSI for the last a single of trading hit 41.74, and the three-weeks RSI is set at 51.81 for TJX Companies, Inc. [TJX]. The present Moving Average for the last 50 days of trading for this stock 96.03, while it was recorded at 98.82 for the last single week of trading, and 89.17 for the last 200 days.
Insight into TJX Companies, Inc. Fundamentals:
TJX Companies, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.64 and a Current Ratio set at 1.21.
TJX Stock EPS
With the latest financial reports released by the company, TJX Companies, Inc. posted 0.76/share EPS, while the average EPS was predicted by analysts to be reported at 0.71/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.00%. 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 TJX Companies, Inc. go to 11.68%.
TJX Companies, Inc. [TJX] Institutonal Ownership Details
The top three institutional holders of TJX stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TJX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TJX stock with ownership which is approximately 5.8325%.
