The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman Sells 35,907 Shares

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 35,907 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.29, for a total transaction of $3,206,136.03. Following the completion of the transaction, the chief executive officer now owns 595,191 shares of the company’s stock, valued at approximately $53,144,604.39. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

TJX Companies Stock Up 0.8 %

TJX stock opened at $89.54 on Tuesday. The TJX Companies, Inc. has a twelve month low of $72.92 and a twelve month high of $93.78. The company has a quick ratio of 0.56, a current ratio of 1.19 and a debt-to-equity ratio of 0.42. The firm has a market cap of $102.44 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The business has a 50 day moving average of $89.63 and a 200 day moving average of $85.88.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $13.27 billion during the quarter, compared to analyst estimates of $13.09 billion. TJX Companies had a return on equity of 62.67% and a net margin of 7.85%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. On average, research analysts forecast that The TJX Companies, Inc. will post 3.74 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be issued a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 8th. TJX Companies’s payout ratio is 37.68%.

Institutional Trading of TJX Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Merit Financial Group LLC grew its holdings in shares of TJX Companies by 5.1% in the second quarter. Merit Financial Group LLC now owns 33,127 shares of the apparel and home fashions retailer’s stock worth $2,809,000 after acquiring an additional 1,603 shares during the period. J.W. Cole Advisors Inc. increased its holdings in shares of TJX Companies by 2.6% in the first quarter. J.W. Cole Advisors Inc. now owns 6,809 shares of the apparel and home fashions retailer’s stock worth $534,000 after purchasing an additional 172 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of TJX Companies by 15.1% in the first quarter. Advisors Asset Management Inc. now owns 123,265 shares of the apparel and home fashions retailer’s stock worth $9,659,000 after purchasing an additional 16,162 shares during the last quarter. Integrated Advisors Network LLC increased its stake in TJX Companies by 3.7% during the first quarter. Integrated Advisors Network LLC now owns 5,656 shares of the apparel and home fashions retailer’s stock worth $443,000 after acquiring an additional 204 shares during the last quarter. Finally, Martingale Asset Management L P bought a new stake in TJX Companies during the first quarter worth approximately $223,000. Institutional investors own 89.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TJX shares. Loop Capital increased their price target on shares of TJX Companies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Bank of America upped their price target on TJX Companies from $94.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. UBS Group increased their price objective on TJX Companies from $90.00 to $91.00 and gave the company a “neutral” rating in a report on Thursday, November 16th. Wells Fargo & Company raised their price target on TJX Companies from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, September 11th. Finally, Robert W. Baird lifted their target price on TJX Companies from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $98.11.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.