Is TJX Companies, Inc. (NYSE: TJX) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that The TJX Companies, Inc. to Report Q4 and Full Year FY24 Results February 28, 2024.

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Stocks Info

TJX belongs to the Consumer Cyclical sector of the NYSE while operating in the Apparel Retail industry. At the end of the last regular session, the stock closed at $99.11 and fluctuated between $99.13 as its day high and $98.35 as its day low. The current market capitalization of TJX Companies, Inc. is $112.95B. A total of 5.46 million shares were traded on the day, compared to an average of 4.77M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TJX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 17 SELLs from insiders. Insiders purchased 386,074 shares during that period but sold 470,912.

In the most recent transaction, Herrman Ernie sold 17,000 shares of TJX for 89.06 per share on Dec 07. After the transaction, the CEO & President now owns 576,105 company shares. In a previous transaction on Nov 17, Herrman Ernie sold 35,907 shares at 89.29 per share. TJX shares that CEO & President owns now total 595,191.

Among the insiders who sold shares, MEYROWITZ CAROL disposed of 64,817 shares on Aug 29 at a per-share price of $91.13. This resulted in the Executive Chairman holding 135,050 shares of TJX after the transaction. In another insider transaction, Canestrari Kenneth sold 4,197 shares at $90.00 per share on Aug 23. Company shares held by the SEVP – Group President now total 115,223.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. TJX Companies, Inc. pays an annual dividend of $1.33, resulting in a dividend yield of 1.34%, and it has a price to earnings (P/E) ratio of 28.06. TJX’s most recent ex-dividend date was 2/14/2024 when it declared a $0.3325 quarterly dividend that was paid in cash on 3/7/2024. Previously, the company paid the dividend on 11/30/2023 with an ex-dividend date of 11/8/2023. The TJX stock dividend was $0.3325 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TJX in the last 3 months, the mean price target is $104.78 with high estimates of $120.00 and low estimates of $92.00. In terms of 52-week highs and lows, TJX has a high of $99.45 and a low of $72.92.

As of this writing, TJX has an earnings estimate of $1.11 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.2 per share and a lower estimate of $1.07. The company reported an EPS of $0.85 in the last quarter, which was 10.40% higher than expectations of $0.77.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $5.99, while its Total Shareholder’s Equity was $6.00B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 4.65.

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