TJX Companies (NYSE:TJX) CEO Ernie Herrman Sells 29,549 Shares

by · The Markets Daily

The TJX Companies, Inc. (NYSE:TJX – Get Free Report) CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the transaction, the chief executive officer owned 552,850 shares of the company’s stock, valued at $87,051,761. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 Thursday, June 4th, Ernie Herrman sold 28,000 shares of TJX Companies stock. The stock was sold at an average price of $158.32, for a total value of $4,432,960.00.

TJX Companies Price Performance

TJX opened at $160.69 on Friday. The stock has a 50-day moving average price of $156.84 and a 200-day moving average price of $155.43. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $177.51 billion, a P/E ratio of 31.20, a PEG ratio of 3.45 and a beta of 0.62.

TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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. Equities analysts predict that The TJX Companies, Inc. will post 5.15 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

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

Institutional Investors Weigh In On TJX Companies

Institutional investors have recently bought and sold shares of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its holdings in TJX Companies by 120.3% during 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 acquiring an additional 89 shares during the period. Entrust Financial LLC purchased a new stake in TJX Companies during the 4th quarter valued at about $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. lifted its holdings in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares during the period. Finally, Joseph Group Capital Management purchased a new stake in TJX Companies in the 4th quarter worth approximately $27,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Key TJX Companies News

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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TJX. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Argus upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Telsey Advisory Group increased their target price on TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. BTIG Research increased their target price on TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $174.58.

View Our Latest Stock Report on TJX Companies

TJX Companies Company Profile

(Get Free Report)

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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