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 business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $159.61 on Friday. The business has a fifty day moving average of $155.30 and a 200-day moving average of $148.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $162.68. The firm has a market cap of $177.24 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 3.70 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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 business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the prior year, the company earned $1.23 EPS. The firm’s quarterly revenue 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, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, February 12th. TJX Companies’s dividend payout ratio is presently 34.84%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, November 11th. Guggenheim raised TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. The Goldman Sachs Group increased their price objective on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. TD Cowen restated a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 price target (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $167.55.

Hedge Funds Weigh In On TJX Companies

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in TJX Companies by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 102,733,668 shares of the apparel and home fashions retailer’s stock worth $15,780,919,000 after acquiring an additional 771,882 shares during the last quarter. State Street Corp grew its holdings in TJX Companies by 0.6% during the second quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after purchasing an additional 285,737 shares during the period. Geode Capital Management LLC increased its stake in TJX Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after purchasing an additional 673,690 shares in the last quarter. Bank of America Corp DE raised its holdings in TJX Companies by 2.0% in the fourth quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock worth $3,935,630,000 after purchasing an additional 495,989 shares during the period. Finally, Capital International Investors raised its holdings in TJX Companies by 2.0% in the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after purchasing an additional 308,408 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Company Profile

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.