Ernie Herrman Sells 30,000 Shares of TJX Companies (NYSE:TJX) Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TJX Companies Price Performance

Shares of NYSE TJX traded up $1.95 on Wednesday, hitting $161.66. The company’s stock had a trading volume of 4,740,891 shares, compared to its average volume of 5,595,542. The stock has a 50 day moving average of $155.05 and a 200-day moving average of $148.18. The company has a market capitalization of $179.52 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73. The TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $162.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the previous year, the firm posted $1.23 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio is currently 34.84%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a $168.00 target price (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Wells Fargo & Company reiterated a “positive” rating and set a $150.00 price target (up from $145.00) on shares of TJX Companies in a report on Tuesday, December 16th. Morgan Stanley reissued an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. UBS Group restated a “buy” rating on shares of TJX Companies in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a research note on Thursday, January 8th. Three equities research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $167.55.

Institutional Investors Weigh In On TJX Companies

Hedge funds have recently modified their holdings of the stock. Pure Financial Advisors LLC increased its position in TJX Companies by 10.2% during the fourth quarter. Pure Financial Advisors LLC now owns 10,145 shares of the apparel and home fashions retailer’s stock worth $1,558,000 after purchasing an additional 941 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $2,304,000. Rehmann Capital Advisory Group grew its stake in shares of TJX Companies by 18.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 13,650 shares of the apparel and home fashions retailer’s stock valued at $2,099,000 after buying an additional 2,153 shares during the period. SHP Wealth Management acquired a new stake in shares of TJX Companies during the 4th quarter worth $734,000. Finally, Stenger Family Office LLC increased its holdings in shares of TJX Companies by 5.6% during the 4th quarter. Stenger Family Office LLC now owns 1,777 shares of the apparel and home fashions retailer’s stock worth $273,000 after buying an additional 95 shares during the last quarter. 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.