Ernie Herrman Sells 23,428 Shares of The TJX Companies, Inc. (NYSE:TJX) Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the completion of the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

TJX Companies Trading Down 1.2 %

Shares of TJX Companies stock opened at $119.18 on Friday. The company’s fifty day simple moving average is $122.77 and its 200-day simple moving average is $120.36. The stock has a market capitalization of $133.98 billion, a PE ratio of 28.04, a P/E/G ratio of 2.75 and a beta of 0.96. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th were issued a $0.375 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. TJX Companies’s dividend payout ratio (DPR) is presently 35.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TJX. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group increased their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Thursday, February 27th. Finally, Guggenheim raised their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.06.

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently made changes to their positions in TJX. Norges Bank purchased a new position in shares of TJX Companies during the 4th quarter worth about $1,670,565,000. Raymond James Financial Inc. bought a new position in shares of TJX Companies during the 4th quarter worth approximately $570,342,000. Capital Research Global Investors raised its stake in shares of TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after acquiring an additional 2,266,415 shares in the last quarter. Northern Trust Corp increased its stake in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock valued at $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

About TJX Companies

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.