In the latest trading session, 4.26 million TJX Companies, Inc. (NYSE:TJX) shares changed hands as the company’s beta touched 0.89. With the company’s most recent per share price at $119.71 changing hands around $6.4 or 5.64% at last look, the market valuation stands at $135.28B. TJX’s last price was a premium, traded about 3.64% off its 52-week high of $115.35. The share price had its 52-week low at $86.71, which suggests the last value was 27.57% up since then. When we look at TJX Companies, Inc.’s average trading volume, we note the 10-day average is 5.76 million shares, with the 3-month average coming to 5.88 million.
Analysts gave the TJX Companies, Inc. (TJX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.65. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TJX as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. TJX Companies, Inc.’s EPS for the current quarter is expected to be 0.92.
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TJX Companies, Inc. (NYSE:TJX) trade information
Instantly TJX is in green as seen in intraday trades today. With action 9.74%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 27.60%, with the 5-day performance at 9.74% in the green. However, in the 30-day time frame, TJX Companies, Inc. (NYSE:TJX) is 5.54% up. Looking at the short shares, we see there were 11.32 million shares sold at short interest cover period of 2.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 90, meaning bulls need a downside of -33.01% from its recent market value. According to analyst projections, TJX’s forecast low is 65 with 132 as the target high. To hit the forecast high, the stock’s price needs a -10.27% plunge from its current level, while the stock would need to tank 45.7% for it to hit the projected low.
TJX Companies, Inc. (TJX) estimates and forecasts
Data shows that the TJX Companies, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 21.94% over the past 6 months, a 9.57% in annual growth rate that is considerably higher than the industry average of 8.40%. Year-over-year growth is forecast to reach 3.30% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 13.31B. 17 analysts are of the opinion that TJX Companies, Inc.’s revenue for the current quarter will be 13.86B.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.70%. The 2024 estimates are for TJX Companies, Inc. earnings to increase by 7.08%, but the outlook for the next 5-year period is at 10.87% per year.
TJX Dividends
TJX Companies, Inc. is expected to release its next quarterly earnings report on 2024-Aug-21. The 1.18% annual yield figure for the share gives it an annual dividend of 1.42. It is important to note, however, that the 1.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.33 per year.
TJX Companies, Inc. (NYSE:TJX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.08% of TJX Companies, Inc. shares while 92.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.77%. There are 92.70% institutions holding the TJX Companies, Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.6733% of the shares, roughly 98.23 million TJX shares worth $10.81 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.0774% or 91.48 million shares worth $10.07 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 35.85 shares estimated at $4.3 billion under it, the former controlled 3.17% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.54% of the shares, roughly 28.72 shares worth around $3.45 billion.
