41.8 F
New York
Wednesday, December 2, 2020

The TJX Companies Inc. (NYSE:TJX) is Holding Steady

Must read

The Forecast Just Changed on Caesars Entertainment Inc. (NASDAQ:CZR)

Caesars Entertainment Inc. (CZR) shares are trading at lower $67.84 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Can We Expect More Volatility From Predictive Oncology Inc. (POAI)?

Predictive Oncology Inc. (POAI) shares are trading at higher $0.74. To add more color to this target, the company’s high over the last year...

Chico’s FAS Inc. (NYSE:CHS) Recent Earnings Shows Major Promise

Chico's FAS Inc. (CHS) shares are trading at higher $1.58 and the avg recommendation for the stock is Hold, while the current analyst price...

ZW Data Action Technologies Inc. (NASDAQ:CNET) Stock is Soaring, Here is Why

ZW Data Action Technologies Inc. (CNET) shares are trading at higher $1.67. To add more color to this target, the company’s high over the...

The TJX Companies Inc. (TJX) shares are trading at higher $53.41 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $63.00.

To add more color to this target, the company’s high over the last year is $64.95 and the low is $32.72. Over the last 52 weeks, TJX is up 0.60% while the S&P 500 is up 20.39%%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TJX reported a profit of $-5.58 million. The TJX Companies Inc. also saw revenues decrease to $4.41 billion. In addition, TJX has free cash flow of -$3.37 billion as of 04-2020. The company’s EBITDA came in at -$1.1 billion which compares well with its peers.

TJX booked profit margins of 4.60%, its Return on Equity (ROE) is 31.30%, and its Return on Assets is 7.00%. All told, it is clear that, TJX needs to be on your watchlist.

Find out when TJX reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TJX has a short ratio of 1.81 and outstanding shares of 1.20B.

Company Outlook

TJX has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 1.36. The TJX Companies Inc. TJX also noted assets of $25.42 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TJX has historically followed its peers on positive news.

All told, The TJX Companies Inc. TJX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TJX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

The TJX Companies Inc. TJX is now commanding a market cap of 63.94B and a float of 1.20B. TJX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TJX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TJX, either long or short, and we have not been compensated for this article.

Latest article

When Will Cadence Design Systems Inc. (CDNS) Slow Down

Cadence Design Systems Inc. (CDNS) shares are trading at lower $115.65 and the avg recommendation for the stock is Moderate Buy, while the current...

Oncternal Therapeutics Inc. (NASDAQ:ONCT) is Gaining Momentum on Earnings Catalyst

Oncternal Therapeutics Inc. (ONCT) shares are trading at higher $2.92 and the avg recommendation for the stock is Moderate Buy. To add more color...

Is the Rough Ride Over for Xeris Pharmaceuticals Inc. (XERS)

Xeris Pharmaceuticals Inc. (XERS) shares are trading at lower $4.21 and the avg recommendation for the stock is Strong Buy. To add more color...

Jefferies Financial Group Inc. (NYSE:JEF) Recent Earnings Shows Major Promise

Jefferies Financial Group Inc. (JEF) shares are trading at higher $23.31 and the avg recommendation for the stock is Strong Buy, while the current...

Will Albertsons Companies Inc. (ACI) Find a Support Level Soon?

Albertsons Companies Inc. (ACI) shares are trading at lower $15.78 and the avg recommendation for the stock is Strong Buy, while the current analyst...