Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The TJX Companies Inc. shares valued at $3,313,800 were sold by Herrman Ernie on Sep 08. At $65.90 per share, Herrman Ernie sold 50,282 shares. The insider’s holdings dropped to 696,439 shares worth approximately $43.19 million following the completion of this transaction.
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Also, Goldenberg Scott sold 16,551 shares, netting a total of over 1,125,468 in proceeds. Following the sale of shares at $68.00 each, the insider now holds 102,576 shares.
Before that, Canestrari Kenneth had sold 29,977 shares from its account. In a trade valued at $2,038,436, the SEVP – Group President traded The TJX Companies Inc. shares for $68.00 each. Upon closing the transaction, the insider’s holdings decreased to 29,977 shares, worth approximately $8.12 million.
As published in their initiating research note from Goldman on August 02, 2022, The TJX Companies Inc. [TJX] has been a Neutral and the price target has been revised to $70. This represents a 11.41% premium over Thursday’s closing price. Analysts at Gordon Haskett downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of April 05, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for TJX. Earlier on March 15, 2022, Bernstein initiated its rating. Their recommendation was “a Mkt perform” for TJX stock.
Analyzing TJX’s Price Performance
On Thursday, The TJX Companies Inc. [NYSE: TJX] plunged -1.51% to $62.01. The stock’s lowest price that day was $61.98, but it reached a high of $63.34 in the same session. During the last five days, there has been a drop of approximately -4.42%. Over the course of the year, The TJX Companies Inc. shares have dropped approximately -18.32%. Shares of the company reached a 52-week high of $77.35 on 01/04/22 and a 52-week low of $53.69 on 05/17/22. A 50-day SMA is recorded $63.71, while a 200-day SMA reached $64.45. Nevertheless, trading volume fell to 5.12 million shares from 3.09 million shares the previous day.
Support And Resistance Levels for The TJX Companies Inc. (TJX)
According to the 24-hour chart, there is a support level at 61.55, which, if violated, would cause prices to drop to 61.08. In the upper region, resistance lies at 62.91. The next price resistance is at 63.80. RSI (Relative Strength Index) is 41.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.75, which suggests the price will decrease in the coming days. Percent R is at 99.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is The TJX Companies Inc. subject to short interest?
Stocks of The TJX Companies Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.29 million shares to 12.82 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.53 million shares. A jump of 2.26% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.04 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.04.
Which companies own the most shares of The TJX Companies Inc. (TJX)?
According to Wellington Management Co. LLP filings, the company currently owns 102,541,948 shares, which is about 8.83% of the total TJX shares outstanding. The investor’s shares have appreciated by 17,625,647 from its previous 13-F filing of 84916301.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $5,294,320,562. BlackRock Fund Advisors reduced a -0.90% interest valued at $2.99 billion while SSgA Funds Management, Inc. sold a -2,103,475 stake. A total of 4,942,521 shares of The TJX Companies Inc. were sold by Fidelity Management & Research Co during the quarter, and 4,081,241 were bought by T. Rowe Price Associates, Inc.. In its current portfolio, JPMorgan Investment Management, I holds 20,140,956 shares valued at $1.26 billion.
In terms of The TJX Companies Inc. share price expectations, FactSet research, analysts set an average price target of $76.71 in the next 12 months, up nearly 22.3% from the previous closing price of $62.96. Analysts anticipate The TJX Companies Inc. stock to reach $90.00 by 2022, with the lowest price target being $65.00. In spite of this, 25 analysts ranked The TJX Companies Inc. stock as an Overweight at the end of 2022. On February 24, 2022, Gordon Haskett assigned a price target of “a Buy” to the stock and reiterated coverage with a $78.