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TJX Companies, Inc. (TJX) Stock Could Soon Reward Patient Investors

TJX Companies, Inc. (NYSE: TJX) is 6.03% higher on its value in year-to-date trading and has touched a low of $75.65 and a high of $102.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TJX stock was last observed hovering at around $99.70 in the last trading session, with the day’s loss setting it -0.23%.

Currently trading at $99.47, the stock is 1.34% and 1.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing -0.23% at the moment leaves the stock 9.33% off its SMA200. TJX registered 29.33% gain for a year compared to 6-month gain of 11.91%. The firm has a 50-day simple moving average (SMA 50) of $2.22 and a 200-day simple moving average (SMA200) of $17.79.

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The stock witnessed a 0.97% loss in the last 1 month and extending the period to 3 months gives it a 6.03%, and is 1.31% 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 1.33% over the week and 1.32% over the month.

TJX Companies, Inc. (TJX) has around 329000 employees, a market worth around $113.36B and $54.22B in sales. Current P/E ratio is 25.75 and Fwd P/E is 21.99. Profit margin for the company is 8.25%. Distance from 52-week low is 31.49% and -3.28% from its 52-week high. The company has generated returns on investments over the last 12 months (24.55%).

TJX Companies, Inc. quarterly earnings per share for the current quarter are estimated at $0.87 with sales reaching $12.46B over the same period.The EPS is expected to grow by 5.88% this year, but quarterly earnings will post 3.70% year-over-year.

TJX Companies, Inc. (TJX) Top Institutional Holders

2,511 institutions hold shares in TJX Companies, Inc. (TJX), with institutional investors hold 93.20% of the company’s shares. The shares outstanding are 1.16B, and float is at 1.14B with Short Float at 1.16%. Institutions hold 93.13% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 94.74 million shares valued at $8.03 billion. The investor’s holdings represent 8.28% of the TJX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 80.11 million shares valued at $6.79 billion to account for 7.00% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 75.27 million shares representing 6.58% and valued at over $6.38 billion, while State Street Corporation holds 4.07% of the shares totaling 46.54 million with a market value of $3.95 billion.

TJX Companies, Inc. (TJX) Insider Activity

The most recent transaction is an insider sale by Herrman Ernie,the company’sCEO & President. SEC filings show that Herrman Ernie sold 20,000 shares of the company’s common stock on Mar 21 ’24 at a price of $98.98 per share for a total of $1.98 million. Following the sale, the insider now owns 0.52 million shares.

TJX Companies, Inc. disclosed in a document filed with the SEC on Mar 13 ’24 that Herrman Ernie (CEO & President) sold a total of 20,304 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $97.57 per share for $1.98 million. Following the transaction, the insider now directly holds 0.54 million shares of the TJX stock.

Still, SEC filings show that on Mar 04 ’24, Herrman Ernie (CEO & President) disposed off 20,000 shares at an average price of $98.40 for $1.97 million. The insider now directly holds 556,105 shares of TJX Companies, Inc. (TJX).

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