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The TJX Companies Inc. (TJX) – Don’t Believe the Hype: Check The Facts

2,045 institutions hold shares in The TJX Companies Inc. (TJX), with 1.44M shares held by insiders accounting for 0.12% while institutional investors hold 92.66% of the company’s shares. The shares outstanding are 1.20B, and float is at 1.20B with Short Float at 1.27%. Institutions hold 92.55% of the Float.

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The top institutional shareholder in the company is Wellington Management Group, LLP with over 100.37 million shares valued at $6.85 billion. The investor’s holdings represent 8.36% of the TJX Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 94.58 million shares valued at $6.46 billion to account for 7.88% of the shares outstanding. The other top investors are Blackrock Inc. which holds 86.92 million shares representing 7.24% and valued at over $5.94 billion, while State Street Corporation holds 3.99% of the shares totaling 47.87 million with a market value of $3.27 billion.

The TJX Companies Inc. (NYSE: TJX) is -3.38% lower on its value in year-to-date trading and has touched a low of $40.72 and a high of $71.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TJX stock was last observed hovering at around $66.15 in the last trading session, with the day’s loss setting it -0.17% off its average median price target of $76.50 for the next 12 months. It is also 26.69% off the consensus price target high of $90.00 offered by 27 analysts, but current levels are 0.03% higher than the price target low of $66.00 for the same period.

Currently trading at $65.98, the stock is 0.35% and -0.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.97 million and changing -0.26% at the moment leaves the stock 9.97% off its SMA200. TJX registered 47.87% gain for a year compared to 6-month gain of 18.56%. The firm has a 50-day simple moving average (SMA 50) of $66.41 and a 200-day simple moving average (SMA200) of $63.13.

The stock witnessed a 3.64% loss in the last 1 month and extending the period to 3 months gives it a -3.40%, and is 1.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.31% over the week and 2.63% over the month.

The TJX Companies Inc. (TJX) has around 320000 employees, a market worth around $79.42B and $32.14B in sales. Current P/E ratio is 1268.85 and Fwd P/E is 22.67. Profit margin for the company is 0.30%. Distance from 52-week low is 62.03% and -7.14% from its 52-week high. The company has generated returns on investments over the last 12 months (2.30%).

The TJX Companies Inc. (TJX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for The TJX Companies Inc. (TJX) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 1.80, where 4 rate it as a Hold and 3 think it is a “Overweight”. 19 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The TJX Companies Inc. is expected to release its quarterly report on 05/25/2021 and quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $8.37B over the same period.The EPS is expected to shrink by -97.20% this year, but quarterly earnings will post 32.20% year-over-year. Quarterly sales are estimated to shrink -17.20% in year-over-year returns.

The TJX Companies Inc. (TJX) Insider Activity

A total of 39 insider transactions have happened at The TJX Companies Inc. (TJX) in the last six months, with sales accounting for 23 and purchases happening 16 times. The most recent transaction is an insider sale by LANE AMY B, the company’s Director. SEC filings show that LANE AMY B sold 1,500 shares of the company’s common stock on Mar 09 at a price of $66.78 per share for a total of $0.1 million. Following the sale, the insider now owns 28311.0 shares.

The TJX Companies Inc. disclosed in a document filed with the SEC on Nov 20 that MEYROWITZ CAROL (Executive Chairman) sold a total of 77,892 shares of the company’s common stock. The trade occurred on Nov 20 and was made at $61.22 per share for $4.77 million. Following the transaction, the insider now directly holds 0.27 million shares of the TJX stock.

Still, SEC filings show that on Nov 19, HINES MICHAEL F (Director) disposed off 20,000 shares at an average price of $61.79 for $1.24 million. The insider now directly holds 0 shares of The TJX Companies Inc. (TJX).

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The TJX Companies Inc. (TJX): Who are the competitors?

The company’s main competitors (and peers) include Macy’s Inc. (M) that is trading 254.85% up over the past 12 months and Ross Stores Inc. (ROST) that is 48.61% higher over the same period. Nordstrom Inc. (JWN) is 176.60% up on the 1-year trading charts. Short interest in the company’s stock has risen 27.44% from the last report on Feb 11, 2021 to stand at a total of 11.0 million short shares sold with a short interest ratio of 1.71.

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