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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 $92.98, down 1.53% from the previous day, and has increased 19.8% in one year. It has overperformed other stocks in the Apparel Retail industry by 0.17 percentage points. Tjx Companies stock is currently +22.91% from its 52-week low of $75.65, and -9.59% from its 52-week high of $102.84.

At the moment, there are 1.13B shares of TJX outstanding. The market cap of TJX is $105.34B. In the last 24 hours, 5.11M TJX shares were traded.

How to Buy Tjx Companies Stock

Wondering how to invest in Tjx Companies stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Choose your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  2. Provide your personal info to create a new brokerage account.
  1. Send your data by clicking the "Create Account" button.
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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.

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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 Price
$92.98
1w %
-3.38%
1y %
19.8%
5y %
71.42%
P/E
23.84x
P/B
14.43x
P/S
1.97x
PEG
N/A
Revenue
$54.22B
Earnings
$4.47B
Fore. Rev. Growth
4.81%
Fore. Earn. Growth
0%
Market Cap
$105.34B
Next Earnings
May 15, 2024
Next Dividend
Jun 6, 2024

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 overvalued based on its P/E ratio of 23.84x, relative to Apparel Retail industry P/E ratio of 23.25x
  • TJX could be overvalued based on its P/B ratio of 14.43x, relative to Apparel Retail industry P/B ratio of 6.95x

You can access more valuation analysis on TJX's stock here.

TJX Financial Health

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's operating cash flow of $6.06B allows it to safely service it's debt of $12.54B.
  • TJX profit margin has gone up from 7% to 8.3% in the past year.
  • TJX earnings of $5.80B is not enough to cover its interest payments.

Failed Health Checks:

  • TJX has a relatively high debt to equity ratio of 3.07.
  • Total TJX debt is higher than 5 years ago, relative to shareholder equity.

Do Wall Street analysts think it's a good time to buy Tjx Companies stock

Out of 10 Equities analysts who give recommendations on TJX, the consensus analyst rating on Tjx Companies is a Buy

It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

Most Recent TJX Analyst Upgrades/Downgrades

Alexandra Steiger, a bottom 8% analyst from Morgan Stanley maintains TJX with a strong buy rating and raises their TJX price target from $99.00 to $101.00, on Nov 16, 2023.

Lorraine Hutchinson, a bottom 4% analyst from Bank of America maintains TJX with a strong buy rating and maintains their TJX price target from $102.00 to $102.00, on Nov 14, 2023.

Ike Boruchow, a top 21% analyst from Wells Fargo maintains TJX with a hold rating and maintains their TJX price target from $92.00 to $92.00, on Nov 14, 2023.

Gabriella Carbone, a bottom 9% analyst from Deutsche Bank maintains TJX with a strong buy rating and raises their TJX price target from $98.00 to $99.00, on Nov 14, 2023.

Michael Binetti, a bottom 15% analyst from Evercore ISI Group initiates coverage on TJX with a buy rating and announces their TJX price target of $105.00, on Nov 7, 2023.

You can dive deeper into what analysts are forecasting on the Tjx Companies stock forecast page.

TJX Technicals

SMA10
96.22
SMA20
97.7
SMA50
97.87
SMA100
95.01
SMA200
91.72
MACD
-0.86
MACD Signal
-0.27
MACD Histogram
-0.59
RSI
33.82
Stochastic %K
6.89
Stochastic %D
11.17
StochRSI %K
2.82
StochRSI %D
9.04

TJX Earnings

Last year, TJX earnings were $4.47B. During the last five year, TJX's earnings have gone up by 9.57% per year. This was slower than the Apparel Retail industry average of 11.38%.

Last year, TJX revenue was $54.22B. In the last five year, TJX's revenue has gone up by 6.83% per year. This was slower than the Apparel Retail industry average of 8.98%.

Dig into TJX's earnings and revenue performance here.

What are TJX executives and large shareholders up to?

Over the last year, executives and large shareholders 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 $921,207.04 worth of TJX stock on Apr 10, 2024.

Get more info about who owns TJX shares here.

Does TJX stock generate passive income?

Tjx Companies pays a dividend of 1.43%, compared to the Apparel Retail industry's average dividend yield of 3.87%. If you owned $1,000 worth of TJX stock, you would have been paid $14.30 in the past year.

Tjx Companies dividend payments have consistently grown over the past decade and have remained stable.

Find more analysis about Tjx Companies dividend yield and history here.

Get analysis from other traders

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Make your TJX purchase

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a particular dollar amount limit, place a limit order.

Hit the Open Trade button and eToro will execute the order.

If you require more info about buying stocks on eToro, click the how to video below:

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Step 6: Keep an eye on your investment in TJX

Now that you own some shares in TJX, you'll want to stay up-to-date on your shares.

Add TJX to a watchlist to get notified of important updates regarding your TJX stock.

TJX Feed

How to Buy Stock in Tjx Companies

To reiterate, here are the 6 steps you need to take to buy Tjx Companies stock right now:

  1. Choose where to buy Tjx Companies stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Tjx Companies stock
  5. Make your TJX purchase
  6. Keep an eye on your investment in TJX

If you require a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to track your investment in Tjx Companies, add TJX to your watchlist by clicking the button below.

NYSE: TJX
$92.98-1.44 (-1.53%)
Updated Apr 15, 2024
Open eToro Account
NYSE: TJX
$92.98-1.44 (-1.53%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Tjx Companies share?

As of Apr 15, 2024, it costs $92.98 to buy one share of Tjx Companies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.108 shares of TJX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Tjx Companies stock?

According to 10 Wall Street analysts who monitor Tjx Companies, their consensus recommendation is to buy Tjx Companies stock.

What is the best way to buy Tjx Companies stock?

One way to place an order for Tjx Companies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.