Insider Selling: Carol Meyrowitz Sells 156,100 Shares of The TJX Companies Stock (TJX)
The TJX Companies (NYSE:TJX) CEO Carol Meyrowitz sold 156,100 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $59.04, for a total value of $9,216,144.00. Following the transaction, the chief executive officer now directly owns 501,641 shares of the company’s stock, valued at approximately $29,616,885. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on TJX shares. Analysts at Zacks reiterated a “neutral” rating on shares of The TJX Companies in a research note on Wednesday. They now have a $61.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of The TJX Companies in a research note on Wednesday. They now have a $68.00 price target on the stock, up previously from $62.00. Finally, analysts at MKM Partners raised their price target on shares of The TJX Companies from $63.00 to $64.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $62.95.
The TJX Companies (NYSE:TJX) traded down 0.82% during mid-day trading on Thursday, hitting $58.91. 4,592,045 shares of the company’s stock traded hands. The TJX Companies has a one year low of $51.91 and a one year high of $64.38. The stock’s 50-day moving average is $53.7 and its 200-day moving average is $57.13. The company has a market cap of $41.255 billion and a P/E ratio of 20.05. The TJX Companies also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 15,210 call options on the company. This represents an increase of approximately 757% compared to the average volume of 1,775 call options.
The TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.02. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that The TJX Companies will post $3.19 earnings per share for the current fiscal year.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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