In today’s recent session, 2.06 million shares of the TJX Companies, Inc (NYSE:TJX) have been traded, and its beta is 0.89. Most recently the company’s share price was $117.28, and it changed around -$2.28 or -1.91% from the last close, which brings the market valuation of the company to $132.28B. TJX at last check was trading at a discount to its 52-week high of $122.10, offering almost -4.11% off that amount. The share price’s 52-week low was $87.44, which indicates that the recent value has risen by an impressive 25.44% since then. We note from TJX Companies, Inc’s average daily trading volume that its 10-day average is 5.82 million shares, with the 3-month average coming to 4.83 million.
TJX Companies, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.77. If we narrow it down even further, the data shows that 1 out of 29 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 4 recommended TJX as a Hold, whereas 15 deemed it a Buy, and 0 rated it as Underweight. TJX Companies, Inc is expected to report earnings per share of 1.1 for the current quarter.
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TJX Companies, Inc (NYSE:TJX) trade information
Instantly TJX has been showing red trend so far today with a performance of -1.91% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 122.10 on recent trading dayincreased the stock’s daily price by 3.95%. The company’s shares are currently up 25.02% year-to-date, but still down -3.18% over the last five days. On the other hand, TJX Companies, Inc (NYSE:TJX) is 1.81% up in the 30-day period. We can see from the shorts that 12.9 million shares have been sold at a short interest cover period of 2.86 day(s).
The consensus price target as assigned by Wall Street analysts is $95, which translates to bulls needing to decrease their stock price by -23.45% from its current value. Analyst projections state that TJX is forecast to be at a low of $65 and a high of $136.
TJX Companies, Inc (TJX) estimates and forecasts
TJX Companies, Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.98 percent over the past six months and at a 10.11% annual growth rate that is well above the industry average of 6.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.22% in revenue this quarter, and will report a decrease of -3.34% in the next quarter. The year-over-year growth rate is expected to be 3.90%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 13.95B in revenue for the current quarter. 18 analysts expect TJX Companies, Inc to make 16.29B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.27B and 16.41B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.18%. Forecasts for the next quarter put sales growth at -0.73%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.70%. TJX Companies, Inc earnings are expected to increase by 7.89% in 2024, but the outlook is positive 9.00% per year for the next five years.
TJX Dividends
TJX Companies, Inc’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 1.24 percent and its annual dividend per share was 1.46. It is important to note, however, that the 1.24% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.31 per year.
TJX Companies, Inc (NYSE:TJX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.07% of TJX Companies, Inc shares, and 91.49% of them are in the hands of institutional investors. The stock currently has a share float of 91.55%. TJX Companies, Inc stock is held by 2781.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.6733% of the shares, which is about 98.23 million shares worth $10.81 billion.
BLACKROCK INC., with 8.0774% or 91.48 million shares worth $10.07 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 35.78 shares worth $4.24 billion, making up 3.17% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 29.07 shares worth around $3.45 billion, which represents about 2.58% of the total shares outstanding.
