The TJX Companies, Inc. (NYSE:TJX) EVP Sells $2,186,880.08 in Stock

The TJX Companies, Inc. (NYSE:TJXGet Rating) EVP Kenneth Canestrari sold 35,827 shares of the stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the completion of the sale, the executive vice president now owns 160,899 shares of the company’s stock, valued at approximately $9,821,274.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

TJX Companies stock traded down $3.54 during mid-day trading on Friday, reaching $57.87. 15,709,381 shares of the company traded hands, compared to its average volume of 7,645,189. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.25 and a quick ratio of 0.70. The firm’s 50 day moving average price is $61.37 and its 200 day moving average price is $67.06. The firm has a market capitalization of $67.96 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.83 and a beta of 0.88. The TJX Companies, Inc. has a 52-week low of $53.69 and a 52-week high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last announced its earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The firm had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $11.58 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 3.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 12th will be paid a $0.295 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, May 11th. This represents a $1.18 dividend on an annualized basis and a yield of 2.04%. TJX Companies’s payout ratio is presently 42.91%.

A number of analysts recently issued reports on TJX shares. JPMorgan Chase & Co. decreased their price objective on shares of TJX Companies from $81.00 to $76.00 in a report on Monday. Sanford C. Bernstein began coverage on shares of TJX Companies in a research note on Monday, March 14th. They issued a “market perform” rating and a $68.00 target price for the company. Wells Fargo & Company downgraded shares of TJX Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $75.00 to $60.00 in a research note on Tuesday, April 5th. Robert W. Baird reduced their target price on shares of TJX Companies from $78.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Barclays lifted their target price on shares of TJX Companies from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 13th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $77.60.

A number of institutional investors have recently made changes to their positions in TJX. Morgan Stanley boosted its stake in TJX Companies by 2.6% in the 2nd quarter. Morgan Stanley now owns 8,778,073 shares of the apparel and home fashions retailer’s stock worth $591,818,000 after purchasing an additional 223,003 shares in the last quarter. EagleClaw Capital Managment LLC boosted its stake in TJX Companies by 9.0% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 57,400 shares of the apparel and home fashions retailer’s stock worth $3,784,000 after purchasing an additional 4,750 shares in the last quarter. William Blair Investment Management LLC bought a new position in TJX Companies in the 3rd quarter worth about $759,000. CX Institutional lifted its stake in TJX Companies by 31.8% during the 3rd quarter. CX Institutional now owns 3,396 shares of the apparel and home fashions retailer’s stock valued at $224,000 after acquiring an additional 820 shares during the period. Finally, BOKF NA bought a new position in TJX Companies during the 3rd quarter valued at about $4,042,000. Institutional investors own 91.45% of the company’s stock.

About TJX Companies (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, 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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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