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Telsey Advisory Group analysts reiterates an Outperform rating for TJX Companies, Inc. (TJX)

TJX Companies, Inc.’s recently made public that its Director Nemerov Jackwyn unloaded Company’s shares for reported $0.14 million on Sep 12 ’24. In the deal valued at $117.71 per share,1,183 shares were sold. As a result of this transaction, Nemerov Jackwyn now holds 1,192 shares worth roughly $-0.14 million.

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Then, Herrman Ernie sold 15,000 shares, generating $1,763,139 in total proceeds. Upon selling the shares at $117.54, the CEO & President now owns 536,148 shares.

Before that, Herrman Ernie bought 15,000 shares. TJX Companies, Inc. shares valued at $1,756,050 were divested by the Officer at a price of $117.07 per share.

Telsey Advisory Group reiterated its TJX Companies, Inc. [TJX] rating to an Outperform in a research note published on August 22, 2024; the price target was $134. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Neutral”. Telsey Advisory Group also remained covering TJX and reiterated its “an Outperform” recommendation on August 14, 2024. UBS revised its rating on May 02, 2024. It rated TJX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of TJX

On Monday, TJX Companies, Inc. [NYSE:TJX] saw its stock jump 1.33% to $115.24. Over the last five days, the stock has gained 2.77%. TJX Companies, Inc. shares have risen nearly 22.84% since the year began. Nevertheless, the stocks have risen 29.60% over the past one year. While a 52-week high of $121.13 was reached on 08/28/24, a 52-week low of $86.92 was recorded on 01/04/24. SMA at 50 days reached $115.61, while 200 days put it at $104.65.

Levels Of Support And Resistance For TJX Stock

The 24-hour chart illustrates a support level at 114.14, which if violated will result in even more drops to 113.04. On the upside, there is a resistance level at 115.85. A further resistance level may holdings at 116.46. The Relative Strength Index (RSI) on the 14-day chart is 48.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.31%. Stochastics %K at 34.51% indicates the stock is a holding.

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

A steep rise in short interest was recorded in TJX Companies, Inc. stocks on 2024-09-30, dropping by -1.13 million shares to a total of 11.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 12.19 million shares. There was a decline of -10.17%, which implies that there is a negative sentiment for the stock.

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