In yesterday’s Wall Street session, TJX Companies, Inc. (NYSE:TJX) shares traded at $110.54, down -0.12% from the previous session.
TJX stock price is now 9.54% away from the 50-day moving average and 16.18% away from the 200-day moving average. The market capitalization of the company currently stands at $124.93B.
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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, Klinger John, SEVP, CFO sold 6,785 shares of the company’s stock on Jun 03 ’24. The stock was sold for $713,116 at an average price of $105.10. Upon completion of the transaction, the SEVP, CFO now directly owns 42,397 shares in the company, valued at $4.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, SEVP – Group President Canestrari Kenneth sold 10,744 shares of the business’s stock. A total of $1,117,459 was realized by selling the stock at an average price of $104.01. This leaves the insider owning 100,149 shares of the company worth $11.07 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 $81.65 and a high of $111.57. As of last week, the company has a debt-to-equity ratio of 1.69, a current ratio of 1.23, and a quick ratio of 0.61. According to the stock market information, the enterprise value for the company is $132509687808, which is based on a 27.42 price-to-earnings ratio, a 2.53 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for TJX is $101.2626 and a two-hundred day moving average price translates $95.2402 for the stock.
The latest earnings results from TJX Companies, Inc. (NYSE: TJX) was released for 2024-05-04. The net profit margin was 8.47% and return on equity was 66.83% for TJX. The company reported revenue of $12.48 billion for the quarter, compared to $11.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.91 percent.
