Ernie Herrman Sells 10,002 Shares of TJX Companies (NYSE:TJX) Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares in the company, valued at approximately $82,725,776.64. This trade represents a 1.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ernie Herrman also recently made the following trade(s):

• 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 transaction of $4,432,960.00.
• On Wednesday, June 3rd, Ernie Herrman sold 29,549 shares of TJX Companies stock. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54.

TJX Companies Stock Up 1.3%

Shares of TJX opened at $160.69 on Friday. The firm has a market cap of $177.51 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 3.49 and a beta of 0.62. The company’s fifty day moving average is $156.84 and its two-hundred day moving average is $155.43. The TJX Companies, Inc. has a fifty-two week low of $119.84 and a fifty-two week high of $165.82. The company has a quick ratio of 0.54, a current ratio of 1.14 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The company had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. TJX Companies’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. 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. Analysts forecast that The TJX Companies, Inc. will post 5.15 earnings per share for the current year.

TJX Companies Increases Dividend

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

Institutional Investors Weigh In On TJX Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TJX. Brighton Jones LLC increased its stake in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC increased its stake in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after buying an additional 235 shares during the period. Bison Wealth LLC increased its stake in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after buying an additional 955 shares during the period. United Bank increased its stake in TJX Companies by 7.6% during the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after buying an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. purchased a new stake in TJX Companies during the 2nd quarter worth $244,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TJX. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 21st. Weiss Ratings lowered shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a report on Thursday, May 21st. Finally, Wells Fargo & Company restated an “outperform” rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $174.58.

TJX Companies News Roundup

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.

About TJX Companies

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.