TJX Companies (NYSE:TJX) shares traded on 1.18% above secure line and closed at $55.42. The stock exchanged hands 5.86 Million shares versus average trading capacity of 7.6 Million shares. It has a market cap of $34.5 Billion.
Wall Street analysts are predicting that TJX Companies (NYSE:TJX) will report earnings per share of $0.61 in their quarterly report. For the current quarter TJX Companies (NYSE:TJX) has high EPS estimates of $0.65 in contradiction of low EPS estimates of $0.6. However a year ago for the same quarter the company has reported $0.5 EPS. Average estimation for the current quarter has been provided by 27 analysts.
A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously TJX Companies (NYSE:TJX) reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06 with surprise factor of 11.3%.
TJX Companies (NYSE:TJX) has average revenue estimates of $9.49 Billion, compared to low analyst estimates of $9.32 Billion and high estimates of $9.69 Billion for the current quarter. A total number of 25 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $38.45 Billion compared to low analyst estimates of $38.14 Billion and high estimates of $38.89 Billion according to the prediction of 26 analysts.
Taking a broader look at the analyst consensus, according to 26 analysts TJX Companies (NYSE:TJX)’s price will reach at $57.92 during 52 weeks. Its minimum price target estimates has been figured out at $44.5 while the maximum price target forecast is established at $65.
On the other hand TJX Companies (NYSE:TJX) has Relative Strength Index (RSI 14) of 55.69 along with Average True Range (ATR 14) of 1.2. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.
Consequently TJX Companies (NYSE:TJX)’s weekly and monthly volatility is 2.37%, 2.32% respectively.