On November 20, 2023, TJX Companies, Inc. (NYSE: TJX) opened at $88.66, higher 0.79% from the last session. During the day, the shares moved up to $89.799 and dropped to $88.35 before settling in for the closing price of $88.84. Price fluctuations for TJX have ranged from $72.92 to $93.78 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 9.33% annually for the last half of the decade. Company’s average yearly earnings per share was noted 20.34% at the time writing. With a float of $1.14 billion, this company’s outstanding shares have now reached $1.16 billion.
In an organization with 329000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +27.38, operating margin of +9.47, and the pretax margin is +9.28.
TJX Companies, Inc. (TJX) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Apparel Retail industry is another important factor to consider. The insider ownership of TJX Companies, Inc. is 0.15%, while institutional ownership is 91.72%. The most recent insider transaction that took place on Nov 17, was worth 3,206,132. In this transaction CEO & President of this company sold 35,907 shares at a rate of $89.29, taking the stock ownership to the 595,191 shares. Before that another transaction happened on Aug 29, when Company’s Executive Chairman sold 64,817 for $91.13, making the entire transaction worth $5,906,838. This insider now owns 135,050 shares in total.
TJX Companies, Inc. (TJX) Latest Financial update
If we go through the results of last quarter, which was made public on 10/30/2023, the company posted $0.94 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.91) by $0.03. This company achieved a net margin of +7.00 while generating a return on equity of 56.57. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.34% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.06% during the next five years compared to 8.01% growth over the previous five years of trading.
TJX Companies, Inc. (NYSE: TJX) Trading Performance Indicators
Check out the current performance indicators for TJX Companies, Inc. (TJX). In the past quarter, the stock posted a quick ratio of 0.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.96. Likewise, its price to free cash flow for the trailing twelve months is 22.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.53, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 4.10 in one year’s time.
Technical Analysis of TJX Companies, Inc. (TJX)
Let’s dig in a bit further. During the last 5-days, its volume was 8.94 million. That was better than the volume of 5.04 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.65%. Additionally, its Average True Range was 1.65.
During the past 100 days, TJX Companies, Inc.’s (TJX) raw stochastic average was set at 63.23%, which indicates a significant increase from 38.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.98% in the past 14 days, which was higher than the 15.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $89.64, while its 200-day Moving Average is $83.33. However, in the short run, TJX Companies, Inc.’s stock first resistance to watch stands at $90.11. Second resistance stands at $90.68. The third major resistance level sits at $91.56. If the price goes on to break the first support level at $88.66, it is likely to go to the next support level at $87.78. The third support level lies at $87.21 if the price breaches the second support level.
TJX Companies, Inc. (NYSE: TJX) Key Stats
There are currently 1,144,081K shares outstanding in the company with a market cap of 102.44 billion. Presently, the company’s annual sales total 49,936 M according to its annual income of 3,498 M. Last quarter, the company’s sales amounted to 12,758 M and its income totaled 989,000 K.