The TJX Companies, Inc. (NYSE:TJX - Get Free Report) CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
TJX Companies Stock Performance
TJX Companies stock opened at $119.18 on Friday. The TJX Companies, Inc. has a 12-month low of $92.35 and a 12-month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business's 50-day moving average price is $122.77 and its two-hundred day moving average price is $120.32. The stock has a market cap of $133.98 billion, a PE ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96.
TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is currently 35.21%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on TJX shares. Morgan Stanley lifted their target price on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Robert W. Baird lifted their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. UBS Group lifted their target price on TJX Companies from $148.00 to $151.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $135.06.
Get Our Latest Research Report on TJX Companies
Institutional Trading of TJX Companies
Several hedge funds and other institutional investors have recently made changes to their positions in TJX. Bogart Wealth LLC bought a new stake in shares of TJX Companies during the fourth quarter worth about $25,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of TJX Companies during the fourth quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the third quarter worth about $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the third quarter worth about $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the third quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Company Profile
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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.
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