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Thursday, June 8, 2023

Analysts Point To The TJX Companies Inc. (NYSE: TJX) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for The TJX Companies Inc. (TJX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.41, or -0.52%, to $78.41. The The TJX Companies Inc. has recorded 259,982 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that The TJX Companies, Inc. Announces 13% Increase in Common Stock Dividend.

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Stocks Info

As a NYSE listed company, TJX falls under the Consumer Cyclical sector while operating within the Apparel Retail industry segment. At the end of the last regular session, the stock closed at $78.82 and fluctuated between $79.04 as its day high and $78.14 as its day low. The current market capitalization of The TJX Companies Inc. is $90.98B. A total of 3.47 million shares were traded on the day, compared to an average of 4.97M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TJX has seen 7 BUY and 8 SELL insider trades, representing the acquisition of 155,363 and the disposition of 176,040 shares. Over the last 12 months, there were 18 BUYs and 38 SELLs from insiders. Insiders purchased 371,135 shares during that period but sold 733,513.

In the most recent transaction, MEYROWITZ CAROL sold 16,223 shares of TJX for 79.79 per share on Nov 22. After the transaction, the Executive Chairman now owns 209,390 company shares. In a previous transaction on Nov 22, Greenlees Louise sold 6,708 shares at 79.99 per share. TJX shares that SEVP – Group President owns now total 51,627.

Among the insiders who sold shares, LANE AMY B disposed of 3,200 shares on Nov 21 at a per-share price of $78.86. This resulted in the Director holding 26,531 shares of TJX after the transaction. In another insider transaction, Canestrari Kenneth sold 4,100 shares at $78.51 per share on Nov 18. Company shares held by the SEVP – Group President now total 126,822.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. The TJX Companies Inc. pays an annual dividend of $1.33, resulting in a dividend yield of 1.69%, and it has a price to earnings (P/E) ratio of 26.51. TJX’s most recent ex-dividend date was 5/10/2023 when it declared a $0.3325 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 3/2/2023 with an ex-dividend date of 2/8/2023. The TJX stock dividend was $0.2950 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TJX in the last 3 months, the mean price target is $87.42 with high estimates of $95.00 and low estimates of $75.00. In terms of 52-week highs and lows, TJX has a high of $83.13 and a low of $53.69.

As of this writing, TJX has an earnings estimate of $0.71 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.74 per share and a lower estimate of $0.68. The company reported an EPS of $0.86 in the last quarter, which was 7.50% higher than expectations of $0.8.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. TJX’s latest balance sheet shows that the firm has $6.23B in Cash & Short Term Investments as of fiscal 2022. There were $12.51B in debt and $10.47B in liabilities at the time. Its Book Value Per Share was $5.49, while its Total Shareholder’s Equity was $6.00B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TJX is Sell with a score of 4.71. A total of 13 analysts rated the stock as Buy while 3 rated it as Overweight while 6 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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