TJX Companies (NYSE:TJX) CEO Sells $4,828,500.00 in Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was 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 in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $1.95 during trading on Wednesday, reaching $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 company has a 50-day moving average price of $155.05 and a two-hundred day moving average price of $148.18. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $162.68. The firm has a market cap of $179.52 billion, a PE ratio of 33.13, a P/E/G ratio of 3.68 and a beta of 0.73. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

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 net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same period last year, the firm posted $1.23 EPS. TJX Companies’s revenue for the quarter was up 8.5% on a year-over-year basis. 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. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 34.84%.

Analyst Ratings Changes

Several equities research analysts have recently commented on TJX shares. Deutsche Bank Aktiengesellschaft set a $184.00 price target on TJX Companies in a research note on Thursday, January 8th. Citigroup reissued a “buy” rating and issued a $168.00 price objective (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. UBS Group restated a “buy” rating on shares of TJX Companies in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $167.55.

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently made changes to their positions in the stock. Lavaca Capital LLC purchased a new stake in shares of TJX Companies during the 2nd quarter worth approximately $25,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position in TJX Companies by 120.3% during 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 purchasing an additional 89 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings in TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 92 shares during the last quarter. Entrust Financial LLC acquired a new stake in TJX Companies in the fourth quarter valued at $26,000. Finally, Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

About TJX Companies

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.