Ernie Herrman Sells 28,000 Shares of TJX Companies (NYSE:TJX) Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $158.32, for a total value of $4,432,960.00. Following the completion of the transaction, the chief executive officer directly owned 524,850 shares in the company, valued at approximately $83,094,252. The trade was a 5.06% decrease in their position. The transaction was disclosed in a document filed 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 shares were sold at an average price of $160.68, for a total value of $1,607,121.36.
• 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 value of $4,652,785.54.

TJX Companies Trading Up 1.3%

NYSE:TJX opened at $160.69 on Friday. The firm has a market cap of $177.51 billion, a P/E ratio of 31.20, a PEG ratio of 3.49 and a beta of 0.62. 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’s 50 day simple moving average is $156.84 and its 200-day simple moving average is $155.43. The TJX Companies, Inc. has a 12-month low of $119.84 and a 12-month high of $165.82.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share 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 for the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. TJX Companies’s quarterly revenue was up 9.2% on a year-over-year basis. 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 anticipate that The TJX Companies, Inc. will post 5.15 EPS for the current year.

TJX Companies Increases Dividend

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

Key Stories Impacting TJX Companies

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.

Institutional Trading of TJX Companies

Several institutional investors and hedge funds have recently made changes to their positions in TJX. Brighton Jones LLC lifted its position in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Bison Wealth LLC lifted its position in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after acquiring an additional 955 shares in the last quarter. United Bank lifted its position in shares of TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. purchased a new stake in shares of TJX Companies in the second quarter valued at $244,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TJX shares. Truist Financial set a $190.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. Weiss Ratings lowered TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, May 8th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Barclays reaffirmed an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and a consensus target price of $174.58.

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.