The TJX Companies Director Sells $7,800,000 in Stock (TJX)
The TJX Companies (NYSE:TJX) Director Bernard Cammarata sold 130,000 shares of The TJX Companies stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $60.00, for a total transaction of $7,800,000.00. Following the transaction, the director now directly owns 2,184,198 shares of the company’s stock, valued at approximately $131,051,880. The sale was disclosed in a legal filing 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, August 20th. 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, August 20th. 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, August 20th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $63.30.
Shares of The TJX Companies (NYSE:TJX) traded up 1.39% during mid-day trading on Tuesday, hitting $60.44. The stock had a trading volume of 4,498,184 shares. 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 $54.81 and its 200-day moving average is $57.21. The company has a market cap of $41.881 billion and a price-to-earnings ratio of 19.64.
The TJX Companies (NYSE:TJX) last released its earnings data on Tuesday, August 19th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that The TJX Companies will post $3.17 EPS 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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