TJX Companies, Inc. (NYSE: TJX): An Enticing Stock To Watch

TJX Companies, Inc. (NYSE:TJX) shares, rose in value, with the stock price down by -1.22% to the previous day’s close as strong demand from buyers drove the stock to $112.59.

Actively observing the price movement in the last trading, the stock closed the session at $113.98, falling within a range of $112.22 and $113.82. The value of beta (5-year monthly) was 0.888 whereas the PE ratio was 27.19 over 12-month period. Referring to stock’s 52-week performance, its high was $121.13, and the low was $86.92. On the whole, TJX has fluctuated by -4.46% over the past month.

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With the market capitalization of TJX Companies, Inc. currently standing at about $126.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 1.42, with its dividend yield at 1.26%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TJX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 3.08, with the price of TJX currently trading nearly -3.43% and -2.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.38, while the 7-day volatility ratio is showing 1.67% which for the 30-day chart, stands at 1.32%. Furthermore, TJX Companies, Inc. (TJX)’s beta value is 0.89, and its average true range (ATR) is 1.71.

A comparison of TJX Companies, Inc. (TJX) with its peers suggests the former has fared considerably weaker in the market. TJX showed an intraday change of -1.22% in last session, and over the past year, it grew by 27.01%%.

Data on historical trading for TJX Companies, Inc. (NYSE:TJX) indicates that the trading volumes over the past 10 days have averaged 5.19 and over the past 3 months, they’ve averaged 4.96 million. According to company’s latest data on outstanding shares, there are 1.13 billion shares outstanding.

Nearly 0.13% of TJX Companies, Inc.’s shares belong to company insiders and institutional investors own 92.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.06 million shares as on 2024-09-30, resulting in a short ratio of 2.5. According to the data, the short interest in TJX Companies, Inc. (TJX) stood at 98.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 12.19 million. The stock has risen by 20.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TJX stock heading into the next quarter.

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