TJX Companies, Inc. (NYSE: TJX): Is It A Buying Opportunity Again?

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. The stock was recently discussed on Yahoo Finance as it revealed that The TJX Companies, Inc. Reports Q4 and Full Year FY24 Results; Q4 Comp Store Sales Growth of 5%, Pretax Profit Margin, and Diluted EPS All Above Plan; Expects to Increase Dividend by 13% and Buy Back $2.0 to $2.5 Billion of Stock in FY25.

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Stocks Info

TJX belongs to the Consumer Cyclical sector of the NYSE while operating in the Apparel Retail industry. The current market capitalization of TJX Companies, Inc. is $112.69B. A total of 5.82 million shares were traded on the day, compared to an average of 4.91M shares.

In the most recent transaction, Herrman Ernie sold 20,304 shares of TJX for 97.57 per share on Mar 13 ’24. After the transaction, the CEO & President now owns 535,801 company shares. In a previous transaction on Mar 04 ’24, Herrman Ernie sold 20,000 shares at 98.40 per share. TJX shares that CEO & President owns now total 556,105.

Among the insiders who sold shares, Greenlees Louise disposed of 2,694 shares on Mar 01 ’24 at a per-share price of $98.83. This resulted in the SEVP – Group President holding 50,273 shares of TJX after the transaction. In another insider transaction, Herrman Ernie sold 17,000 shares at $89.06 per share on Dec 07 ’23. Company shares held by the CEO & President now total 576,105.

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 1.35%, and it has a price to earnings (P/E) ratio of 25.60. 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. In terms of 52-week highs and lows, TJX has a high of $102.84 and a low of $73.65.

As of this writing, TJX has an earnings estimate of $0.87 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.9 per share and a lower estimate of $0.84. The company reported an EPS of $1.03 in the last quarter, which was 4.00% higher than expectations of $0.99.

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 4.68.

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