TJX Companies (NYSE:TJX) CEO Ernie Herrman Sells 10,002 Shares of Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the transaction, the chief executive officer owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. This represents a 1.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ernie Herrman also recently made the following trade(s):

• On Thursday, June 4th, Ernie Herrman sold 28,000 shares of TJX Companies stock. The shares were sold at an average price of $158.32, for a total value of $4,432,960.00.
• On Wednesday, June 3rd, Ernie Herrman sold 29,549 shares of TJX Companies stock. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $160.69 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market cap of $177.51 billion, a PE ratio of 31.20, a P/E/G ratio of 3.45 and a beta of 0.62. The business has a 50 day moving average of $156.84 and a 200 day moving average of $155.43. The TJX Companies, Inc. has a 52 week low of $119.84 and a 52 week high of $165.82.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 5.15 earnings per share for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, May 14th. TJX Companies’s dividend payout ratio is currently 37.28%.

Hedge Funds Weigh In On TJX Companies

Several institutional investors and hedge funds have recently modified their holdings of TJX. Brighton Jones LLC increased its holdings in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after acquiring an additional 955 shares in the last quarter. United Bank increased its holdings in shares of TJX Companies by 7.6% during the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. bought a new position in shares of TJX Companies during the second quarter valued at $244,000. 91.09% of the stock is currently owned by institutional investors.

Key Headlines Impacting TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX posted strong fiscal Q1 results, including 6% comparable sales growth and 29% EPS growth, and raised guidance, supporting the stock’s recent strength.
• Positive Sentiment: Analysts remain constructive on The TJX Companies, Inc., with a consensus “Buy” view and continued praise for its growth and defensive retail appeal.
• Positive Sentiment: UBS singled out TJX as a preferred consumer stock, citing its ability to grow, deliver strong returns, and exceed expectations.
• Neutral Sentiment: Recent stock gains have pushed TJX near its 52-week high, which may attract both momentum buyers and some profit-taking.
• Negative Sentiment: CEO Ernie Herrman and CFO John Klinger sold shares this week, which may weigh on sentiment even though the transactions were disclosed as routine filings.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. Barclays reiterated an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Citigroup reiterated a “buy” rating and issued a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Robert W. Baird increased their price objective on TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, BTIG Research increased their price objective on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $174.58.

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.