TJX Companies, Inc (NYSE:TJX) shares, rose in value on Friday, November 22, with the stock price up by 0.28% to the previous day’s close as strong demand from buyers drove the stock to $120.11.
Actively observing the price movement in the recent trading, the stock is buoying the session at $119.77, falling within a range of $119.11 and $120.64. The value of beta (5-year monthly) is 0.893 whereas the PE ratio is 28.27 over 12-month period. Referring to stock’s 52-week performance, its high was $122.10, and the low was $87.44. On the whole, TJX has fluctuated by 5.17% over the past month.
With the market capitalization of TJX Companies, Inc currently standing at about $135.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.46, with its dividend yield at 1.21%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 56.21B, with a low estimate of 15.97B and a high estimate of 16.59B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 16.21B.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 3.14, with the price of TJX currently trading nearly 2.61% and 3.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.12, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.62%. Furthermore, TJX Companies, Inc (TJX)’s beta value is 0.89, and its average true range (ATR) is 1.92.
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 0.28% in today’s session so far, and over the past year, it grew by 33.53%%.
Data on historical trading for TJX Companies, Inc (NYSE:TJX) indicates that the trading volumes over the past 10 days have averaged 5.36 and over the past 3 months, they’ve averaged 4.77 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 91.36% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.9 million shares as on 2024-10-31, resulting in a short ratio of 2.86. According to the data, the short interest in TJX Companies, Inc (TJX) stood at 114.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 11.06 million. The stock has risen by 28.03% 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.
