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The TJX Companies Inc. (TJX) Analysis & Forecast for 2023

The TJX Companies Inc. (NYSE: TJX) is -0.54% lower on its value in year-to-date trading and has touched a low of $53.69 and a high of $83.13 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 $79.54 in the last trading session, with the day’s loss setting it -0.37% off its average median price target of $85.00 for the next 12 months. It is also 16.66% off the consensus price target high of $95.00 offered by 24 analysts, but current levels are -5.56% lower than the price target low of $75.00 for the same period.

Currently trading at $79.17, the stock is -1.39% and 0.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.46 million and changing -0.47% at the moment leaves the stock 18.57% off its SMA200. TJX registered 17.59% gain for a year compared to 6-month gain of 24.17%.

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The stock witnessed a 2.04% loss in the last 1 month and extending the period to 3 months gives it a 21.13%, and is -2.89% down 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 1.50% over the week and 1.59% over the month.

The TJX Companies Inc. (TJX) has around 340000 employees, a market worth around $91.33B and $49.27B in sales. Current P/E ratio is 27.60 and Fwd P/E is 22.28. Profit margin for the company is 6.90%. Distance from 52-week low is 47.46% and -4.76% from its 52-week high. The company has generated returns on investments over the last 12 months (36.30%).

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”. 24 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 4 think it is a “Overweight”. 15 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 02/22/2023.The EPS is expected to grow by 9.10% this year.

The TJX Companies Inc. (TJX) Top Institutional Holders

The shares outstanding are 1.16B, and float is at 1.15B with Short Float at 0.64%.

The TJX Companies Inc. (TJX) Insider Activity

A total of 28 insider transactions have happened at The TJX Companies Inc. (TJX) in the last six months, with sales accounting for 25 and purchases happening 3 times. The most recent transaction is an insider sale by Greenlees Louise,the company’sSEVP – Group President. SEC filings show that Greenlees Louise sold 6,708 shares of the company’s common stock on Nov 22 at a price of $79.99 per share for a total of $0.54 million. Following the sale, the insider now owns 51627.0 shares.

The TJX Companies Inc. disclosed in a document filed with the SEC on Nov 22 that MEYROWITZ CAROL (Executive Chairman) sold a total of 16,223 shares of the company’s common stock. The trade occurred on Nov 22 and was made at $79.79 per share for $1.29 million. Following the transaction, the insider now directly holds 0.21 million shares of the TJX stock.

Still, SEC filings show that on Nov 21, LANE AMY B (Director) disposed off 3,200 shares at an average price of $78.86 for $0.25 million. The insider now directly holds 26,531 shares of The TJX Companies Inc. (TJX).

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

The company’s main competitors (and peers) include Amazon.com Inc. (AMZN) that is trading -35.70% down over the past 12 months and Walmart Inc. (WMT) that is 1.01% higher over the same period. Target Corporation (TGT) is -25.75% down on the 1-year trading charts.

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