The Potential Rise in the Price of The TJX Companies Inc. (TJX) following insiders activity


In a filing, The TJX Companies Inc. revealed its CEO & President Herrman Ernie unloaded Company’s shares for reported $3.31 million on Sep 08. In the deal valued at $65.90 per share,50,282 shares were sold. As a result of this transaction, Herrman Ernie now holds 696,439 shares worth roughly $ 49.58 million.

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Then, Goldenberg Scott sold 16,551 shares, generating $1,125,468 in total proceeds. Upon selling the shares at $68.00, the SEVP, CFO now owns 102,576 shares.

Before that, Canestrari Kenneth sold 29,977 shares. The TJX Companies Inc. shares valued at $2,038,436 were divested by the SEVP – Group President at a price of $68.00 per share. As a result of the transaction, Canestrari Kenneth now holds 130,922 shares, worth roughly $9.32 million.

Goldman initiated its The TJX Companies Inc. [TJX] rating to a Neutral in a research note published on Friday, August 02, 2022; the price target was $70. PT values the company’s stock at a premium of -1.7 to its Friday closing price. A number of analysts have revised their coverage, including Gordon Haskett’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. Wells Fargo also remained covering TJX and has decreased its forecast on April 05, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Bernstein started covering the stock on March 15, 2022. It rated TJX as “a Mkt perform”.

Price Performance Review of TJX

On Friday, The TJX Companies Inc. [NYSE:TJX] saw its stock fall -0.01% to $71.19. On the same session, the stock had its day’s lowest price of $70.07, but rose to a high of $72.32. Over the last five days, the stock has lost -1.81%. The TJX Companies Inc. shares have fallen nearly -6.23% since the year began. Nevertheless, the stocks have risen 2.08% over the past one year. While a 52-week high of $77.35 was reached on 01/04/22, a 52-week low of $53.69 was recorded on 05/17/22. SMA at 50 days reached $65.52, while 200 days put it at $63.33. A total of 4.97 million shares were traded, compared to the trading of 3.89 million shares in the previous session.

Levels Of Support And Resistance For TJX Stock

The 24-hour chart illustrates a support level at 70.07, which if violated will result in even more drops to 68.94. On the upside, there is a resistance level at 72.32. A further resistance level may holdings at 73.44. The Relative Strength Index (RSI) on the 14-day chart is 63.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.30%. Stochastics %K at 75.20% indicates the stock is a holding.

How much short interest is there in The TJX Companies Inc.?

A steep rise in short interest was recorded in The TJX Companies Inc. stocks on Jul 14, 2022, growing by 0.29 million shares to a total of 12.82 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 12.53 million shares. There was a rise of 2.26%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.04.

The TJX Companies Inc. [TJX] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 102,541,948 shares, or roughly 8.83% of the outstanding TJX shares. In other words, the investor’s shares have risen by 17,625,647 from its previous 13-F filing of 84916301.0. Additionally, The Vanguard Group, Inc. decreased -0.45% of its stake after which the total value it holdings stand at $5,274,790,590, while BlackRock Fund Advisors reduced -0.90% of its stake to hold $2.98 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -2,103,475 shares of The TJX Companies Inc., while Fidelity Management & Research Co sold 4,942,521 shares. At present, T. Rowe Price Associates, Inc. is holding 20,320,455 shares valued at $1.26 billion. JPMorgan Investment Management, I owned 20,140,956 shares of the company at the time of its most recent 13F filing, worth $1.25 billion.

The most recent change occurred on February 24, 2022 when Gordon Haskett resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $78.


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