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The TJX Companies, Inc. (TJX)

NYSE - NYSE Delayed Price. Currency in USD
75.13-1.23 (-1.61%)
At close: 04:03PM EDT
75.00 -0.13 (-0.17%)
After hours: 07:04PM EDT
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Williams %R

Williams %R

Previous Close76.36
Open76.82
Bid74.56 x 900
Ask76.06 x 900
Day's Range75.11 - 76.91
52 Week Range53.69 - 83.13
Volume3,704,318
Avg. Volume5,351,788
Market Cap86.813B
Beta (5Y Monthly)0.91
PE Ratio (TTM)24.96
EPS (TTM)3.01
Earnings DateMay 16, 2023 - May 22, 2023
Forward Dividend & Yield1.18 (1.56%)
Ex-Dividend DateFeb 08, 2023
1y Target Est86.32
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    Daily Spotlight: Argus Lowers EPS ForecastsEarnings season is largely over and S&P 500 earnings from continuing operations likely declined 3% from 4Q21. Results approximately matched the evolving consensus for a low-single-digit percentage decline. Heading into reporting season, expectations were for flat to slightly lower 4Q22 earnings compared with 4Q21. Earnings exceeded expectations as they usually do, but in below-average fashion. Slightly more than two-thirds of companies reported earnings above the consensus. Over the past five years, the percentage of S&P 500 companies surpassing expectations has been just over three-quarters of total. The "beat" was also below average. Companies tended to exceed pre-reporting estimates in 4Q by about 1%-2%. Over the prior decade, which smooths out pandemic distortions, S&P 500 companies topped consensus estimates by about 6%. Based on the slightly weaker-than-expected finish to the earnings year, we have reduced our 2022 estimate of S&P 500 earnings from continuing operations to $222 from $224. If $222 turns out to be the final number, 2022 EPS will have grown about 5% from 2021. Given what appears to be a more-extended Fed rate-hiking campaign, as well as the lower 2022 base, we have lowered our 2023 earnings estimate to $226 from $230. That implies 2% growth. Finally, we have reduced our 2024 forecast to $245 from $250, which implies 8% growth, reflecting our expectations that earnings growth will begin to "normalize" once the Fed is finished. The S&P 500 two-year forward P/E on our revised 2023 and 2024 forecasts is 16.9; that is about 15% below the prior five-year average of 19.5. Reflecting much higher inflation and interest rates, as well as other inputs, our adjusted earnings-yield model continues to signal overvaluation in stocks. Our reduced 2023 EPS forecast would be at further risk if a meaningful recession occurs.
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    23 days agoArgus Research
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