TJX Companies Inc (NYSE:TJX) EVP Richard Sherr sold 2,220 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $88.03, for a total transaction of $195,426.60. Following the completion of the sale, the executive vice president now directly owns 90,495 shares in the company, valued at $7,966,274.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Richard Sherr also recently made the following trade(s):
- On Wednesday, April 18th, Richard Sherr sold 20,000 shares of TJX Companies stock. The shares were sold at an average price of $83.67, for a total transaction of $1,673,400.00.
Shares of TJX opened at $88.11 on Friday. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $89.48. The company has a market cap of $55.63 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 1.73 and a beta of 0.66. The company has a current ratio of 1.69, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42.
TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.11. TJX Companies had a net margin of 7.58% and a return on equity of 56.91%. The firm had revenue of $8.67 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same period in the prior year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. research analysts forecast that TJX Companies Inc will post 4.82 earnings per share for the current fiscal year.
TJX Companies declared that its board has approved a stock repurchase program on Wednesday, February 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.77%. The ex-dividend date is Wednesday, May 16th. This is a boost from TJX Companies’s previous quarterly dividend of $0.31. TJX Companies’s payout ratio is 38.61%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB grew its holdings in TJX Companies by 5.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 117,337 shares of the apparel and home fashions retailer’s stock worth $8,972,000 after acquiring an additional 6,417 shares in the last quarter. LPL Financial LLC grew its holdings in TJX Companies by 12.9% during the 4th quarter. LPL Financial LLC now owns 74,234 shares of the apparel and home fashions retailer’s stock worth $5,676,000 after acquiring an additional 8,506 shares in the last quarter. OLD Mission Capital LLC acquired a new position in TJX Companies during the 4th quarter worth approximately $250,000. Norinchukin Bank The grew its holdings in TJX Companies by 7.4% during the 4th quarter. Norinchukin Bank The now owns 50,873 shares of the apparel and home fashions retailer’s stock worth $3,890,000 after acquiring an additional 3,514 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its holdings in TJX Companies by 137.2% during the 4th quarter. Itau Unibanco Holding S.A. now owns 10,344 shares of the apparel and home fashions retailer’s stock worth $791,000 after acquiring an additional 5,983 shares in the last quarter. Institutional investors own 90.27% of the company’s stock.
TJX has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of TJX Companies in a research note on Monday, March 12th. They issued a “neutral” rating and a $85.00 price target on the stock. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “strong-buy” rating and set a $88.00 price target on the stock in a research note on Friday, February 16th. Buckingham Research reissued a “buy” rating and issued a $95.00 price target (up from $90.00) on shares of TJX Companies in a research note on Thursday, March 1st. Northcoast Research set a $90.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Friday, March 2nd. Finally, Royal Bank of Canada set a $91.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. TJX Companies has an average rating of “Buy” and a consensus target price of $89.00.
About TJX Companies
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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