Insider Selling: TJX Companies (NYSE:TJX) CEO Sells 29,549 Shares of Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 29,549 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the transaction, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ernie Herrman also recently made the following trade(s):

• On Friday, June 5th, Ernie Herrman sold 10,002 shares of TJX Companies stock. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36.
• On Thursday, June 4th, Ernie Herrman sold 28,000 shares of TJX Companies stock. The shares were sold at an average price of $158.32, for a total value of $4,432,960.00.

TJX Companies Price Performance

TJX Companies stock traded up $2.06 during midday trading on Friday, reaching $160.69. The company’s stock had a trading volume of 4,831,027 shares, compared to its average volume of 5,266,007. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $156.82 and a 200-day moving average price of $155.40. The stock has a market cap of $177.51 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 3.43 and a beta of 0.62.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. On average, sell-side analysts predict that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a $0.48 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, May 14th. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company reiterated an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st. Evercore reiterated an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a research report on Thursday, May 21st. Citigroup restated a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. UBS Group restated a “neutral” rating and set a $197.00 price target (up from $193.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average target price of $174.58.

Hedge Funds Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 89 shares during the period. Dogwood Wealth Management LLC boosted its holdings in shares of TJX Companies by 102.2% during the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 92 shares in the last quarter. Entrust Financial LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $26,000. Finally, GGM Financials LLC bought a new position in shares of TJX Companies during the 3rd quarter worth approximately $27,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.