Investor Confidence Dwindles After TJX Companies, Inc. (NYSE: TJX) Shares Gain By About 2.14

TJX Companies, Inc. (NYSE:TJX) has a beta value of 0.89 and has seen 0.97 million shares traded in the recent trading session. The company, currently valued at $132.38B, closed the recent trade at $117.38 per share which meant it gained $2.14 on the day or 1.85% during that session. The TJX stock price is -3.19% off its 52-week high price of $121.13 and 25.95% above the 52-week low of $86.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.22 million shares traded. The 3-month trading volume is 4.96 million shares.

The consensus among analysts is that TJX Companies, Inc. (TJX) is Buy stock at the moment, with a recommendation rating of 1.77. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 15 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.1.

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TJX Companies, Inc. (NYSE:TJX) trade information

Sporting 1.85% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the TJX stock price touched $117.38 or saw a fall of -0.31%. Year-to-date, TJX Companies, Inc. shares have moved 25.12%, while the 5-day performance has seen it change 3.46%. Over the past 30 days, the shares of TJX Companies, Inc. (NYSE:TJX) have changed -1.87%. Short interest in the company has seen 11.06 million shares shorted with days to cover at 2.5.

Wall Street analysts have a consensus price target for the stock at $95, which means that the shares’ value could drop -23.56% from the levels at last check today. The projected low price target is $65.0 while the price target rests at a high of $136.0. In that case, then, we find that the latest price level in today’s session is -15.86% off the targeted high while a plunge would see the stock lose 44.62% from the levels at last check today.

TJX Companies, Inc. (TJX) estimates and forecasts

Figures show that TJX Companies, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 25.70% over the past 6 months, with this year growth rate of 10.37%, compared to 5.90% for the industry. Revenue growth from the last financial year stood is estimated to be 3.70%.

18 analysts offering their estimates for the company have set an average revenue estimate of 13.97B for the current quarter. 18 have an estimated revenue figure of 16.28B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.70% over the past 5 years. Earnings growth for 2024 is a modest 8.02% while over the next 5 years, the company’s earnings are expected to increase by 8.81%.

TJX Dividends

TJX Companies, Inc. is expected to release its next earnings report on 2024-Nov-20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.42 at a share yield of 1.21%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.32%.

TJX Companies, Inc. (NYSE:TJX)’s Major holders

Insiders own 0.07% of the company shares, while shares held by institutions stand at 92.50% with a share float percentage of 92.56%. Investors are also buoyed by the number of investors in a company, with TJX Companies, Inc. having a total of 2669.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 98.23 million shares worth more than $10.81 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.6733% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 91.48 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.07 billion and represent 8.0774% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 30, 2024, the former fund manager holds about 3.17% shares in the company for having 35.78 shares of worth $4.2 billion while later fund manager owns 29.07 shares of worth $3.41 billion as of Jun 30, 2024, which makes it owner of about 2.58% of company’s outstanding stock.