TJX Companies, Inc. (The) (TJX) CEO Ernie Herrman Sells 20,000 Shares

TJX Companies, Inc. (The) (NYSE:TJX) CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the sale, the chief executive officer now owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TJX Companies, Inc. (NYSE:TJX) opened at 72.34 on Wednesday. TJX Companies, Inc. has a 1-year low of $66.65 and a 1-year high of $80.92. The stock’s 50 day moving average price is $70.57 and its 200 day moving average price is $74.41. The company has a market cap of $46.03 billion, a P/E ratio of 20.48 and a beta of 0.76.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. TJX Companies, Inc. (The)’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Jackson Wealth Management LLC grew its holdings in shares of TJX Companies, Inc. (The) by 0.8% in the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock worth $1,599,000 after acquiring an additional 171 shares during the period. Waldron LP grew its holdings in shares of TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock worth $449,000 after acquiring an additional 2,792 shares during the period. Vanguard Group Inc. grew its holdings in shares of TJX Companies, Inc. (The) by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock worth $3,725,322,000 after acquiring an additional 2,336,495 shares during the period. Trust Co. of Vermont grew its holdings in shares of TJX Companies, Inc. (The) by 2.0% in the first quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock worth $3,076,000 after acquiring an additional 781 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of TJX Companies, Inc. (The) by 1.6% in the first quarter. Stifel Financial Corp now owns 1,782,882 shares of the apparel and home fashions retailer’s stock worth $141,031,000 after acquiring an additional 27,307 shares during the period. 89.15% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the company. Credit Suisse Group reiterated a “hold” rating and set a $79.00 price target on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Instinet reiterated a “buy” rating and set a $84.00 price target (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, May 16th. Finally, Cowen and Company set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $82.61.

About TJX Companies, Inc. (The)

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

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