The TJX Companies, Inc. (NYSE:TJX – Get Free Report) CEO Ernie Herrman sold 28,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $158.32, for a total value of $4,432,960.00. Following the sale, the chief executive officer owned 524,850 shares of the company’s stock, valued at $83,094,252. This represents a 5.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Ernie Herrman also recently made the following trade(s):
- On Friday, June 5th, Ernie Herrman sold 10,002 shares of TJX Companies stock. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36.
- On Wednesday, June 3rd, Ernie Herrman sold 29,549 shares of TJX Companies stock. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54.
TJX Companies Price Performance
Shares of NYSE:TJX traded up $2.06 during trading on Friday, hitting $160.69. 4,831,027 shares of the company’s stock were exchanged, compared to its average volume of 5,266,007. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The TJX Companies, Inc. has a 52-week low of $119.84 and a 52-week high of $165.82. The business’s 50-day simple moving average is $156.82 and its 200 day simple moving average is $155.40. The company has a market cap of $177.51 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 3.43 and a beta of 0.62.
TJX Companies Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, May 14th. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio is currently 37.28%.
Institutional Investors Weigh In On TJX Companies
Institutional investors have recently modified their holdings of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. lifted its stake in shares of TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares during the last quarter. Finally, Joseph Group Capital Management bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $27,000. 91.09% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently commented on TJX. Telsey Advisory Group increased their price target on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their price target on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Evercore reissued an “outperform” rating and set a $175.00 price target on shares of TJX Companies in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Robert W. Baird increased their price target on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $174.58.
View Our Latest Stock Report on TJX
About TJX Companies
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.
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