In yesterday’s Wall Street session, TJX Companies, Inc (NYSE:TJX) shares traded at $116.85, up 1.06% from the previous session.
TJX stock price is now 0.68% away from the 50-day moving average and 9.69% away from the 200-day moving average. The market capitalization of the company currently stands at $131.79B.
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With the price target enhanced from $128 to $134, Telsey Advisory Group maintained Outperform rating for TJX Companies, Inc (NYSE: TJX). On August 22, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $110 to quote $128, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, Nemerov Jackwyn, Director sold 1,183 shares of the company’s stock on Sep 12 ’24. The stock was sold for $139,252 at an average price of $117.71. Upon completion of the transaction, the Director now directly owns 1,192 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 10 ’24, CEO & President Herrman Ernie sold 15,000 shares of the business’s stock. A total of $1,763,139 was realized by selling the stock at an average price of $117.54. This leaves the insider owning 536,148 shares of the company worth $62.65 million. A total of 0.13% of the company’s stock is owned by insiders.
During the past 12 months, TJX Companies, Inc has had a low of $87.26 and a high of $121.13. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 1.21, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $139192942592, which is based on a 28.22 price-to-earnings ratio, a 3.20 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for TJX is $116.1092 and a two-hundred day moving average price translates $106.4155 for the stock.
The latest earnings results from TJX Companies, Inc (NYSE: TJX) was released for 2024-08-03. The net profit margin was 8.56% and return on equity was 66.20% for TJX. The company reported revenue of $13.47 billion for the quarter, compared to $12.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.57 percent. For the current quarter, analysts expect TJX to generate $13.96B in revenue.
