In yesterday’s Wall Street session, TJX Companies, Inc. (NYSE:TJX) shares traded at $98.48, down -0.57% from the previous session.
TJX stock price is now 1.76% away from the 50-day moving average and 6.09% away from the 200-day moving average. The market capitalization of the company currently stands at $111.57B.
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With the price target enhanced from $104 to $132, UBS Upgraded its rating from Neutral to Buy for TJX Companies, Inc. (NYSE: TJX). On April 25, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $100 to quote $110, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, Herrman Ernie, CEO & President sold 20,000 shares of the company’s stock on Mar 21 ’24. The stock was sold for $1,979,676 at an average price of $98.98. Upon completion of the transaction, the CEO & President now directly owns 515,801 shares in the company, valued at $50.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, CEO & President Herrman Ernie sold 20,304 shares of the business’s stock. A total of $1,981,145 was realized by selling the stock at an average price of $97.57. This leaves the insider owning 535,801 shares of the company worth $52.77 million. A total of 0.14% of the company’s stock is owned by insiders.
During the past 12 months, TJX Companies, Inc. has had a low of $75.65 and a high of $102.84. As of last week, the company has a debt-to-equity ratio of 1.72, a current ratio of 1.21, and a quick ratio of 0.64.
According to the Apparel Retail Company, earnings per share came in at 0.76, beating analysts’ expectations of 0.71 by 0.05. This compares to $0.88 EPS in the same period last year. The net profit margin was 8.25% and return on equity was 65.48% for TJX. The company reported revenue of $16.41 billion for the quarter, compared to $14.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.02 percent. For the current quarter, analysts expect TJX to generate $12.47B in revenue.
