Insider Selling: TJX Companies Inc (TJX) EVP Sells $195,426.60 in Stock

TJX Companies Inc (NYSE:TJX) EVP Richard Sherr sold 2,220 shares of TJX Companies stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $88.03, for a total value of $195,426.60. Following the sale, the executive vice president now directly owns 90,495 shares of the company’s stock, valued at $7,966,274.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richard Sherr also recently made the following trade(s):

  • On Wednesday, April 18th, Richard Sherr sold 20,000 shares of TJX Companies stock. The stock was sold at an average price of $83.67, for a total value of $1,673,400.00.

Shares of TJX Companies opened at $88.11 on Friday, MarketBeat reports. The stock has a market capitalization of $55.24 billion, a PE ratio of 20.26, a PEG ratio of 1.72 and a beta of 0.66. TJX Companies Inc has a one year low of $66.44 and a one year high of $89.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.69.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The company had revenue of $8.67 billion for the quarter, compared to analyst estimates of $8.47 billion. TJX Companies had a return on equity of 56.91% and a net margin of 7.58%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. analysts predict that TJX Companies Inc will post 4.83 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Stockholders of record on Thursday, May 17th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, May 16th. TJX Companies’s payout ratio is 38.61%.

TJX Companies announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 28th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently modified their holdings of the company. Torch Wealth Management LLC raised its holdings in TJX Companies by 4.1% during the first quarter. Torch Wealth Management LLC now owns 15,340 shares of the apparel and home fashions retailer’s stock worth $1,251,000 after acquiring an additional 600 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in TJX Companies by 0.3% during the first quarter. Crestwood Advisors Group LLC now owns 213,611 shares of the apparel and home fashions retailer’s stock worth $17,422,000 after acquiring an additional 629 shares in the last quarter. Harrington Investments INC raised its holdings in TJX Companies by 3.0% during the fourth quarter. Harrington Investments INC now owns 21,664 shares of the apparel and home fashions retailer’s stock worth $1,656,000 after acquiring an additional 640 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in TJX Companies by 5.0% during the first quarter. Wetherby Asset Management Inc. now owns 13,600 shares of the apparel and home fashions retailer’s stock worth $1,109,000 after acquiring an additional 651 shares in the last quarter. Finally, Wallington Asset Management LLC raised its holdings in TJX Companies by 0.5% during the first quarter. Wallington Asset Management LLC now owns 122,916 shares of the apparel and home fashions retailer’s stock worth $10,025,000 after acquiring an additional 655 shares in the last quarter. Institutional investors own 90.27% of the company’s stock.

A number of brokerages recently commented on TJX. Buckingham Research lifted their price objective on TJX Companies from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Credit Suisse Group lifted their price objective on TJX Companies from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday. MKM Partners set a $99.00 target price on TJX Companies and gave the company a “buy” rating in a research note on Wednesday. Telsey Advisory Group boosted their target price on TJX Companies from $84.00 to $92.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Loop Capital set a $84.00 target price on TJX Companies and gave the company a “hold” rating in a research note on Tuesday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $89.00.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Insider Buying and Selling by Quarter for TJX Companies (NYSE:TJX)

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