Insider Selling: The TJX Companies President Unloads 25,000 Shares of Stock (TJX)
The TJX Companies (NYSE:TJX) President Ernie Herrman unloaded 25,000 shares of the stock on the open market in a transaction dated Friday, August 29th. The stock was sold at an average price of $59.80, for a total value of $1,495,000.00. Following the transaction, the president now directly owns 500,000 shares of the company’s stock, valued at approximately $29,900,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $63.30.
The TJX Companies (NYSE:TJX) traded down 0.13% on Wednesday, hitting $60.36. The stock had a trading volume of 2,689,824 shares. The TJX Companies has a 1-year low of $51.91 and a 1-year high of $64.38. The stock has a 50-day moving average of $55.2 and a 200-day moving average of $57.17. The company has a market cap of $41.826 billion and a price-to-earnings ratio of 19.91.
The TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters 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. 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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