Insider Selling: TJX Companies (NYSE:TJX) CEO Sells 10,002 Shares of Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer directly owned 514,848 shares in the company, valued at $82,725,776.64. The trade was a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $4,432,960.00.
• On Wednesday, June 3rd, Ernie Herrman sold 29,549 shares of TJX Companies stock. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54.

TJX Companies Price Performance

TJX Companies stock traded up $2.06 during trading on Friday, reaching $160.69. The company had a trading volume of 4,831,027 shares, compared to its average volume of 5,266,007. The firm’s 50-day simple moving average is $156.82 and its 200 day simple moving average is $155.40. The TJX Companies, Inc. has a 1-year low of $119.84 and a 1-year high of $165.82. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last released its quarterly 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 net margin of 9.40% and a return on equity of 57.92%. The firm had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same quarter last year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is an increase from TJX Companies’s previous quarterly dividend of $0.43. TJX Companies’s dividend payout ratio is 37.28%.

Institutional Investors Weigh In On TJX Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Dogwood Wealth Management LLC raised 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 acquiring an additional 92 shares during the period. Entrust Financial LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $26,000. Finally, GGM Financials LLC purchased a new position in shares of TJX Companies during the 3rd quarter worth $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TJX. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup reaffirmed a “buy” rating and set a $182.00 target price (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, UBS Group reaffirmed a “neutral” rating and set a $197.00 target price (up from $193.00) on shares of TJX Companies in a research note on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $174.58.

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.