The TJX Companies, Inc. (NYSE: TJX – Get a rating) CFO Scott Goldenberg sold 30,000 shares in a trade that took place on Thursday, May 19. The shares were sold at an average price of $62.03, for a total transaction of $1,860,900.00. Following the completion of the sale, the CFO now owns 119,127 shares of the company, valued at $7,389,447.81. The sale was disclosed in an SEC filing, which is available via the SEC website.
Shares of TJX were down $3.54 during Friday trading hours, hitting $57.87. The company had a trading volume of 15,709,381 shares, compared to its average volume of 7,645,189. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high from $77.35. The company has a market capitalization of $67.96 billion, a price/earnings ratio of 20.99, a PEG ratio of 1.83 and a beta of 0.88. The company’s fifty-day moving average is $61.37 and its 200-day moving average is $67.06. The company has a debt ratio of 0.60, a quick ratio of 0.70 and a current ratio of 1.25.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly results on Wednesday, May 18. The home apparel and fashion retailer reported EPS of $0.68 for the quarter, beating analyst consensus estimates of $0.60 by $0.08. The company posted revenue of $11.41 billion for the quarter, versus analyst estimates of $11.58 billion. TJX Companies posted a return on equity of 61.28% and a net margin of 6.69%. TJX Companies revenue for the quarter increased 13.1% year over year. During the same period of the previous year, the company achieved EPS of $0.44. On average, sell-side analysts expect The TJX Companies, Inc. to post EPS of 3.13 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2. Shareholders of record on Thursday, May 12 will receive a dividend of $0.295. This represents a dividend of $1.18 on an annualized basis and a yield of 2.04%. This is a positive change from TJX Companies’ previous quarterly dividend of $0.26. The ex-date of this dividend is Wednesday, May 11. TJX Companies’ dividend payout ratio (DPR) is currently 42.91%.
TJX has been the subject of a number of research reports. BMO Capital Markets lowered its target price on TJX companies from $80.00 to $75.00 in a Thursday, Feb. 24 research note. StockNews.com launched coverage on TJX companies in a research note on Thursday, March 31. They set a “buy” rating for the company. Credit Suisse Group raised its target price on TJX companies from $73.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday. Wells Fargo & Company cut shares of TJX Companies from an “overweight” rating to an “equal weight” rating and lowered its price target for the stock from $75.00 to $60.00 in a rating of research from Tuesday, April 5. Finally, Morgan Stanley raised its price target on TJX Companies stock from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday. Three research analysts gave the stock a hold rating and seventeen gave the stock a buy rating. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average price target of $77.60.
Institutional investors and hedge funds have recently changed their positions in the company. Bell Investment Advisors Inc bought a new position in TJX Companies in Q3 worth $25,000. Winch Advisory Services LLC increased its stake in shares of TJX Companies by 413.3% in Q4. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashion retailer valued at $29,000 after purchasing an additional 310 shares during the period. Sandy Cove Advisors LLC acquired a new stock position in TJX Companies in Q4 worth $30,000. Future Financial Wealth Management LLC acquired a new stock position in TJX Companies in Q4 worth $30,000. Finally, Intelligent Financial Strategies acquired a new stock position in TJX Companies in Q4 worth $30,000. Hedge funds and other institutional investors hold 91.45% of the company’s shares.
Company Profile TJX Companies (Get a rating)
The TJX Companies, Inc., together with its subsidiaries, operates as a low-cost home fashion and apparel retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells family clothing, including shoes and accessories; home fashion items, such as home staples, furniture, rugs, lighting products, giftware, home products, decorative accessories, table tops and kitchen utensils, as well as expanded departments for pets, children and gourmet foods; jewelry and accessories; and other goods.
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