How to Buy Tjx Companies Stock
Tjx Companies Inc
Tjx Companies is a apparel company located in Massachusetts, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker TJX on the NYSE exchange.
Tjx Companies stock last closed at $75.38, up 0.68% from the previous day, and has increased 21.58% in one year. It has overperformed other stocks in the Apparel Retail industry by 0.44 percentage points. Tjx Companies stock is currently +40.4% from its 52-week low of $53.69, and -9.32% from its 52-week high of $83.13.
At the moment, there are 1.16B shares of TJX outstanding. The market cap of TJX is $87.10B. In the last 24 hours, 3.87M TJX shares were traded.
How to Buy Tjx Companies Stock
Wondering how to invest in Tjx Companies stock? Here's how.
- Choose where to buy Tjx Companies stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Tjx Companies stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your method of payment and add your information.
- Research Tjx Companies stock: The Tjx Companies ticker symbol is TJX. Is Tjx Companies stock a good investment? Should you buy shares of TJX? How do TJX's underlying business fundamentals look? Do top analysts think Tjx Companies is a good buy? Why has TJX's stock price moved recently? (Hint: Our stock market research website can help you decide if TJX is a good stock to buy).
- Make your TJX purchase: Decide if you will purchase TJX shares at the current market price or use a limit order to purchase TJX shares at a particular price.
- Keep an eye on your investment in TJX: Create a watchlist to keep track of your position in Tjx Companies stock.
Step 1: Choose where to buy Tjx Companies stock
You will need an online brokerage account in order to access the NYSE market and buy TJX stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you are able to invest in TJX today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal info to create a new brokerage account.
- Send your data by clicking the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on app for stock market, your next step is to transfer the money for your investment:
Check out the video below to see the process of depositing money into your brokerage account.
Step 4: Research Tjx Companies stock
After you have chosen the best place to buy Tjx Companies stock, it's crucial to evaluate their stock prior to investing, so you actually comprehend the risk and upside.
Tjx Companies Metrics
Tjx Companies Overview
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on TJX's stock page.
How is TJX stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge TJX's intrinsic value.
Using relative valuations methods:
- TJX may be undervalued based on its P/E ratio of 25.99x, relative to Apparel Retail industry P/E ratio of 39.47x
- TJX could be overvalued based on its P/B ratio of 15.38x, relative to Apparel Retail industry P/B ratio of 8.53x
- TJX could be overvalued based on its PEG ratio of 3.94x
You can do additional valuation research on TJX's stock here.
How do TJX Financials look?
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the TJX balance sheet.
- There are more short-term assets than long-term liabilities on the TJX balance sheet.
- TJX profit margin has gone up from 5.8% to 6.9% in the past year.
- TJX earnings of $4.59B is not enough to cover its interest payments.
Failed Health Checks:
- TJX's operating cash flow of $2.17B allows it to safely service it's debt of $12.62B.
- Total TJX debt is higher than 5 years ago, relative to shareholder equity.
- TJX has a relatively high debt to equity ratio of 4.02.
Is TJX stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 14 Equities analysts who give forecasts on TJX, the consensus analyst rating on Tjx Companies is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent TJX Analyst Recommendations
Michael Binetti, a bottom 6% analyst from Credit Suisse maintains TJX with a buy rating and raises their TJX price target from $85.00 to $89.00, on Feb 23, 2023.
Mark Altschwager, a top 14% analyst from Baird maintains TJX with a buy rating and raises their TJX price target from $88.00 to $90.00, on Feb 23, 2023.
Alexandra Steiger, a bottom 16% analyst from Morgan Stanley maintains TJX with a strong buy rating and raises their TJX price target from $85.00 to $90.00, on Feb 23, 2023.
Dana Telsey, a bottom 1% analyst from Telsey Advisory Group reiterates TJX with a buy rating and maintains their TJX price target from $95.00 to $95.00, on Feb 23, 2023.
Matthew Boss, a top 14% analyst from JP Morgan maintains TJX with a strong buy rating and raises their TJX price target from $90.00 to $95.00, on Feb 6, 2023.
Boss raised his price target on TJX Companies Inc. by 5.6% ahead of the release of the company's Q4 and FY 2022 earnings report on 2023/02/22.
Off-price trends were on or ahead of plan in Q4, with an "accelerating cadence to close the quarter," the analyst told investors, citing "fieldwork."
Now is the time to buy stocks in the space, regardless of whether one is a short-term or long-term investor, Boss recommended.
The Zacks Consensus EPS Estimate for the company's upcoming quarter is $0.89 which, if achieved, would represent a 14.1% increase against Q4 2021’s $0.78.
You can dive deeper into what analysts are projecting on the Tjx Companies stock forecast page.
Metrics for Advanced TJX Traders
TJX Performance Metrics
Last year, TJX earnings were $3.40B. During the last 5 year, TJX's earnings have grown by 9.06% per year. This was slower than the Apparel Retail industry average of 10.66%.
Last year, TJX revenue was $49.27B. During the last five year, TJX's revenue has grown by 7.47% per year. This was slower than the Apparel Retail industry average of 21.62%.
Find out more about TJX's earnings and revenue performance here.
Who is buying/selling TJX?
Over the last year, insiders at TJX have sold more shares than they have bought.
Kenneth Canestrari, SEVP - Group President of TJX, was the latest TJX insider to sell. They sold $22,538.24 worth of TJX stock on Dec 6, 2022.
Learn more about who owns TJX stock here.
Does TJX stock generate passive income?
Tjx Companies pays a dividend of 1.57%, compared to the Apparel Retail industry's average dividend yield of 4.15%. If you owned $1,000 worth of TJX stock, you would have been paid $15.65 in the past year.
Tjx Companies dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Tjx Companies dividend yield and history here.
Get opinions from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Make your TJX purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open button and your broker will place your order.
If you need additional help buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your investment in TJX
Now that you own some shares in TJX, you'll want to keep up with your company.
Put TJX on a watchlist to keep track of your TJX stock.
TJX Feed
How to Buy Stock in Tjx Companies
To reiterate, here are the 6 steps to buy Tjx Companies stock:
- Choose where to buy Tjx Companies stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Tjx Companies stock
- Make your TJX purchase
- Keep an eye on your investment in TJX
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Tjx Companies, click below.
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