The TJX Companies Inc. (NYSE:TJX) price on Thursday, August 26, fall -2.60% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $73.84.
A look at the stock’s price movement, the close in the last trading session was $75.81, moving within a range at $73.3801 and $75.20. The beta value (5-Year monthly) was 0.99 while the PE ratio in trailing twelve months stood at 35.98. Turning to its 52-week performance, $76.16 and $50.06 were the 52-week high and 52-week low respectively. Overall, TJX moved 8.78% over the past month.
The TJX Companies Inc.’s market cap currently stands at around $88.55 billion, with investors looking forward to this quarter’s earnings report slated for Nov 16, 2021 – Nov 22, 2021. The company has a Forward Dividend ratio of 1.04, with its dividend yield at 1.41%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.57, which has seen fiscal year 2022 EPS growth forecast to increase to $2.61 and about $3.17 for fiscal year 2023. Per the data, EPS growth is expected to be 741.90% for 2021 and 21.50% for the next financial year.
Analysts have a consensus estimate of $11.01 billion for the company’s revenue for the quarter, with a low and high estimate of $10.28 billion and $11.55 billion respectively. The average forecast suggests up to a 67.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $46.28 billion, representing a 44.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that TJX is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
26 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 18 recommend TJX as a Buy and 3 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TJX’s current price about 3.98% and 7.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.60, while 7-day volatility ratio is 2.11% and 2.41% in the 30-day chart. Further, The TJX Companies Inc. (TJX) has a beta value of 0.97, and an average true range (ATR) of 1.77.
In the market, a comparison of The TJX Companies Inc. (TJX) and its peers suggest the former has performed considerably weaker. Data shows TJX’s intraday price has changed -2.60% in last session and 38.64% over the past year. Comparatively, Amazon.com Inc. (AMZN) has moved 0.51% on the day and only -3.66% in the past 12 months. Looking at another peer, we see that Walmart Inc. (WMT) price has dipped -1.08% on the day. However, the stock is 12.74% off its price a year ago. Moreover, Target Corporation (TGT) is also down -0.87% in trading on the day while keeping a an uptrend of 63.03% over the past year. If we look at the PE ratio, we find that The TJX Companies Inc.’s ratio stands at 35.98 compared to Amazon.com Inc.’s 57.79 and Walmart Inc.’s 41.52. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on The TJX Companies Inc. (NYSE:TJX), historical trading data shows that trading volumes averaged 9.32 million over the past 10 days and 6.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.21 billion shares.
The 0.20% of The TJX Companies Inc.’s shares are in the hands of company insiders while institutional holders own 90.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.31 million on Jul 14, 2021, giving us a short ratio of 2.1. The data shows that as of Jul 14, 2021 short interest in The TJX Companies Inc. (TJX) stood at 1.10% of shares outstanding, with shares short rising to 10.84 million registered in Jun 14, 2021. Current price change has pushed the stock 8.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TJX stock continues to rise going into the next quarter.