TJX Companies (NYSE:TJX) CEO Ernie Herrman sold 12,835 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $82.26, for a total value of $1,055,807.10. Following the transaction, the chief executive officer now owns 431,986 shares in the company, valued at approximately $35,535,168.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Ernie Herrman also recently made the following trade(s):
- On Tuesday, March 6th, Ernie Herrman sold 10,000 shares of TJX Companies stock. The stock was sold at an average price of $84.00, for a total value of $840,000.00.
- On Friday, March 2nd, Ernie Herrman sold 11,000 shares of TJX Companies stock. The stock was sold at an average price of $83.64, for a total value of $920,040.00.
Shares of TJX opened at $83.44 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. TJX Companies has a 12 month low of $66.44 and a 12 month high of $85.21. The firm has a market cap of $53,720.43, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.70 and a beta of 0.67.
TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.27 by $0.10. TJX Companies had a return on equity of 55.23% and a net margin of 7.27%. The business had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.75 billion. During the same period last year, the business posted $1.03 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. equities research analysts expect that TJX Companies will post 4.83 earnings per share for the current year.
TJX Companies announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 28th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.87%. This is an increase from TJX Companies’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, May 16th. TJX Companies’s dividend payout ratio (DPR) is currently 30.94%.
A number of research firms have weighed in on TJX. Morgan Stanley upped their target price on TJX Companies from $86.00 to $99.00 and gave the stock an “overweight” rating in a report on Friday, March 2nd. Royal Bank of Canada set a $91.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Nomura set a $87.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, SunTrust Banks set a $98.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $87.30.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation lifted its holdings in shares of TJX Companies by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares during the period. Farmers National Bank bought a new position in shares of TJX Companies during the 4th quarter valued at $106,000. Icon Wealth Partners LLC bought a new position in shares of TJX Companies during the 4th quarter valued at $109,000. Truewealth LLC bought a new position in shares of TJX Companies during the 4th quarter valued at $119,000. Finally, Assetmark Inc. lifted its holdings in shares of TJX Companies by 50.3% during the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock valued at $152,000 after buying an additional 664 shares during the period. Institutional investors and hedge funds own 90.95% of the company’s stock.
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TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, and giftware; seasonal items; jewelry; and other merchandise.
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