There’s a new sense of excitement surrounding The TJX Companies Inc. (TJX)

The closing price of The TJX Companies Inc. (NYSE: TJX) was 62.96 for the day, down -1.19% from the previous closing price of $63.72. In other words, the price has decreased by $-0.76 from its previous closing price. On the day, 3078607 shares were traded. TJX reached its highest trading level at $65.00 during the session, while it also had its lowest trading level at $62.96.

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Ratios:

Our analysis of TJX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.53.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on August 02, 2022, initiated with a Neutral rating and assigned the stock a target price of $70.

On July 28, 2022, Gordon Haskett Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $67 to $60.

Wells Fargo Downgraded its Overweight to Equal Weight on April 05, 2022, whereas the target price for the stock was revised from $75 to $60.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 08 when Herrman Ernie sold 50,282 shares for $65.90 per share. The transaction valued at 3,313,800 led to the insider holds 696,439 shares of the business.

Goldenberg Scott sold 16,551 shares of TJX for $1,125,468 on Aug 18. The SEVP, CFO now owns 102,576 shares after completing the transaction at $68.00 per share. On Aug 18, another insider, Canestrari Kenneth, who serves as the SEVP – Group President of the company, sold 29,977 shares for $68.00 each. As a result, the insider received 2,038,436 and left with 130,922 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TJX now has a Market Capitalization of 75.07B and an Enterprise Value of 84.18B. As of this moment, The’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.46, and their Forward P/E ratio for the next fiscal year is 18.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 13.63. Its current Enterprise Value per Revenue stands at 1.70 whereas that against EBITDA is 15.24.

Stock Price History:

The Beta on a monthly basis for TJX is 0.90, which has changed by -10.95% over the last 52 weeks, in comparison to a change of -14.81% over the same period for the S&P500. Over the past 52 weeks, TJX has reached a high of $77.35, while it has fallen to a 52-week low of $53.69. The 50-Day Moving Average of the stock is 63.65, while the 200-Day Moving Average is calculated to be 64.51.

Shares Statistics:

TJX traded an average of 5.42M shares per day over the past three months and 4.59M shares per day over the past ten days. A total of 1.17B shares are outstanding, with a floating share count of 1.16B. Insiders hold about 0.20% of the company’s shares, while institutions hold 94.20% stake in the company. Shares short for TJX as of Aug 30, 2022 were 12.41M with a Short Ratio of 2.29, compared to 14.39M on Jul 28, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.07% and a Short% of Float of 1.07%.

Dividends & Splits

With its trailing 12-month dividend rate of 1.11, TJX has a forward annual dividend rate of 1.18. Against a Trailing Annual Dividend Yield of 1.74%, it implies a Forward Annual Dividend Yield of 1.85%. The stock’s 5-year Average Dividend Yield is 1.35. The current Payout Ratio is 28.70% for TJX, which recently paid a dividend on Aug 31, 2022 with an ex-dividend date of Nov 08, 2022. Stock splits for the company last occurred on Nov 06, 2018 when the company split stock in a 2:1 ratio.

Earnings Estimates

The firm’s stock currently is rated by 19 analysts. On average, analysts expect EPS of $0.69 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.66, while EPS last year was $0.79. The consensus estimate for the next quarter is $0.86, with high estimates of $0.93 and low estimates of $0.76.

Analysts are recommending an EPS of between $3.31 and $3 for the fiscal current year, implying an average EPS of $3.19. EPS for the following year is $3.6, with 24 analysts recommending between $3.88 and $3.2.

Revenue Estimates

A total of 21 analysts have provided revenue estimates for TJX’s current fiscal year. The highest revenue estimate was $52.92B, while the lowest revenue estimate was $49.83B, resulting in an average revenue estimate of $51.57B. In the same quarter a year ago, actual revenue was $48.55B, up 6.20% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $54.75B in the next fiscal year. The high estimate is $56.56B and the low estimate is $52.52B. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.