TJX Companies, Inc (NYSE: TJX) is 27.76% higher on its value in year-to-date trading and has touched a low of $87.26 and a high of $121.13 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 $118.06 in the last trading session, with the day’s gains setting it 1.79%.
Currently trading at $119.85, the stock is 3.90% and 3.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.89 million and changing 1.52% at the moment leaves the stock 12.15% off its SMA200. TJX registered 31.41% gain for a year compared to 6-month gain of 21.01%. The firm has a 50-day simple moving average (SMA 50) of $116.1318 and a 200-day simple moving average (SMA200) of $106.8622.
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The stock witnessed a 4.00% loss in the last 1 month and extending the period to 3 months gives it a 9.87%, and is 5.36% 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 1.83% over the week and 1.48% over the month.
TJX Companies, Inc (TJX) has around 349000 employees, a market worth around $135.18B and $55.62B in sales. Current P/E ratio is 28.94 and Fwd P/E is 26.11. Profit margin for the company is 8.56%. Distance from 52-week low is 37.35% and -1.06% from its 52-week high. The company has generated returns on investments over the last 12 months (25.32%).
The EPS is expected to grow by 7.91% this year.
TJX Companies, Inc (TJX) Top Institutional Holders
2718.0 institutions hold shares in TJX Companies, Inc (TJX), with institutional investors hold 91.39% of the company’s shares. The shares outstanding are 1.13B, and float is at 1.13B with Short Float at 1.15%. Institutions hold 91.33% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 98.23 million shares valued at $10.81 billion. The investor’s holdings represent 8.6733% of the TJX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 91.48 million shares valued at $10.07 billion to account for 8.0774 of the shares outstanding. The other top investors are STATE STREET CORP which holds 47.09 million shares representing 4.1578% and valued at over $5.18 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 3.9277 of the shares totaling 44.48 million with a market value of $4.9 billion.
TJX Companies, Inc (TJX) Insider Activity
The most recent transaction is an insider sale by Nemerov Jackwyn, the company’s Director. SEC filings show that Nemerov Jackwyn sold 1,183 shares of the company’s common stock on Sep 12 ’24 at a price of $117.71 per share for a total of $0.14 million. Following the sale, the insider now owns 1192.0 shares.
TJX Companies, Inc disclosed in a document filed with the SEC on Sep 10 ’24 that Herrman Ernie (CEO & President) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $117.54 per share for $1.76 million. Following the transaction, the insider now directly holds 0.54 million shares of the TJX stock.
Still, SEC filings show that on Sep 10 ’24, Herrman Ernie (Officer) Proposed Sale 15,000 shares at an average price of $117.07 for $1.76 million. The insider now directly holds shares of TJX Companies, Inc (TJX).
