Is TJX Cos Inc (NYSE:TJX) a Valuable Stock?

[Market Realist] TJX Cos Inc (NYSE:TJX)(TREND ANALYSIS) As of August 24, TJX Companies stock was trading at $69.43, a rise of 2.2% since the start of 2015. The company’s stock price rose 7.2% on August 18, the day it announced its 2Q16 results. A decline in more recent days was triggered by weakness in the broad market caused by global uncertainty.

Ross Stores (ROST) stock has risen 3.1%, and Burlington Stores (BURL) has fallen 0.1% since the beginning of 2015.

The Consumer Discretionary Select Sector SPDR Fund (XLY) has fallen 0.3% since the beginning of this year. The SPDR S&P 500 ETF Trust (SPY) fell 7.8% over the same period. TJX Companies constitutes 2.2% of the portfolio holdings of XLY and 0.3% of SPY.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

TJX Cos Inc (NYSE:TJX) stock is currently trading 7.63% below its 52-week-high, 21.3% above its 52-week-low. The 1-year stock price history is in the range of $58.58 – $76.93. TJX Cos Inc (TJX) has a price to earnings ratio of 21.7 versus Services sector average of 17.94. TJX stock price has outperformed the S&P 500 by 8.5%. The Retail & Major Department Store company is currently valued at $47.92 billion and its share price closed the last trading session at $71.06. The stock has a 50-day moving average of $70.42 and a 200-day moving average of $68.09.

TJX Cos Inc (TJX) current short interest stands at 7.02 million shares. It has increased by 1% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.82 million shares, the number of days required to cover the short positions stand at 2.5 days.

TJX reported last quarter earnings on August 18. The Retail & Major Department Store company announced earnings per share of $0.8 against a consensus Street estimate of $0.76, beating the average estimate by $0.04. This corresponds to an increase of $0.09 compared to the same quarter of the previous fiscal year.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently twenty-nine analysts that cover TJX Cos Inc stock. Of those twenty-nine, eighteen have a Buy rating, eleven have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $80.43.

A recent analyst activity consisted of The Buckingham Group reiterating their Neutral stance on August 19. The Buckingham Group increased their price target on TJX from $72 to $80. This corresponds to a 12.58% upside from the last closing price. On the date of report, the stock closed at $74.87.

BMO Capital reiterated their Market Perform stance on the same day, and increased their price target on TJX stock from $67 to $72. This corresponds to a 1.32% upside from the last closing price. On the date of report, the stock closed at $74.87.

Another research firm was Deutsche Bank who reiterated their Buy stance on August 19. Deutsche Bank increased their price target on TJX Cos Inc from $76 to $87. This translates to a 22.43% upside from the last closing price. On the date of report, the stock closed at $74.87.

Company profile

The TJX Companies, Inc. is an off-price apparel and home fashion retailer in the United States and worldwide. The Company operates off-price retail concepts in the U.S., Canada and Europe that offer a wide range of brand name and designer merchandise.

Related Posts

About The Author