The CEO of TJX Companies, Inc. (NYSE:TJX) sells $3,313,583.80 in stock

The TJX Companies, Inc. (NYSE: TJX – Get a rating) CEO Ernie Herman sold 50,282 shares of the company in a transaction that took place on Thursday, September 8. The shares were sold at an average price of $65.90, for a total value of $3,313,583.80. As a result of the transaction, the CEO now owns 696,439 shares of the company, valued at approximately $45,895,330.10. The transaction was disclosed in an SEC filing, which is available via this link.

TJX Companies Sourcing Up 0.2%

Shares of TJX rose $0.15 during Friday trading hours, hitting $66.62. The company had a trading volume of 4,323,058 shares, compared to an average volume of 6,824,771 shares. The company has a market capitalization of $77.35 billion, a PE ratio of 23.74, a growth price-earnings ratio of 2.02 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt ratio of 0.53. The TJX Companies, Inc. has a one-year low of $53.69 and a one-year high of $77.35. The company’s fifty-day moving average price is $62.50 and its two-hundred-day moving average price is $61.62.

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TJX Companies (NYSE: TJX – Get a rating) last released its quarterly results on Wednesday, August 17. The home apparel and fashion retailer reported EPS of $0.69 for the quarter, beating the consensus estimate of $0.67 by $0.02. The company posted revenue of $11.84 billion in the quarter, versus analyst estimates of $12.05 billion. TJX Companies posted a return on equity of 61.19% and a net margin of 6.77%. The company’s revenue for the quarter was down 1.9% from the same quarter last year. During the same period a year earlier, the company posted EPS of $0.79. As a group, stock analysts expect The TJX Companies, Inc. to post earnings per share of $3.11 for the current fiscal year.

Analyst upgrades and downgrades

Several research companies have weighed in on TJX. StockNews.com moved TJX companies from a “buy” rating to a “hold” rating in a Thursday, July 28, report. Robert W. Baird raised his price target on TJX Companies from $74.00 to $77.00 and gave the stock an “outperform” rating in a Thursday, Aug. 18, report. TheStreet upgraded TJX companies from a “c+” rating to a “b” rating in a Thursday, August 18 report. Goldman Sachs Group launched coverage on TJX companies in a research note on Tuesday, August 2. They set a “neutral” rating and a price target of $70.00 for the company. Finally, Credit Suisse Group raised its price target on TJX companies from $73.00 to $75.00 and gave the stock an “outperform” rating in a Thursday, May 19 research note. Six investment analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $74.72.

Institutional entries and exits

Several institutional investors and hedge funds have recently increased or reduced their stake in TJX. Norges Bank bought a new position in TJX Companies during Q4 for a value of $827,082,000. The Ontario Teachers’ Pension Plan Board bought a new position in TJX Companies during Q1 at a value of $408,331,000. FMR LLC increased its stake in TJX Companies by 22.0% during the 2nd quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashion retailer worth $1,795,510,000 after purchasing an additional 5,804,572 shares in the last quarter. 1832 Asset Management LP increased its stake in TJX Companies by 141.0% during the 1st quarter. 1832 Asset Management LP now owns 8,130,500 shares of the clothing and home fashion retailer valued at $485,794,000 after buying an additional 4,756,845 shares in the last quarter. Finally, Capital International Investors increased its stake in TJX Companies by 67.8% in the 1st quarter. Capital International Investors now owns 10,700,425 shares of the apparel and home fashion retailer valued at $648,232,000 after buying an additional 4,324,443 shares in the last quarter. 90.42% of the shares are currently held by hedge funds and other institutional investors.

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, gift items, 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.

See also

Insider buying and selling by quarter for TJX companies (NYSE: TJX)

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