TJX Companies Inc (NYSE:TJX) Chairman Carol Meyrowitz sold 74,262 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $60.55, for a total transaction of $4,496,564.10. Following the completion of the sale, the chairman now directly owns 330,679 shares in the company, valued at approximately $20,022,613.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
TJX traded up $0.38 during trading on Wednesday, reaching $59.88. 4,481,424 shares of the stock traded hands, compared to its average volume of 5,860,603. The company has a quick ratio of 0.40, a current ratio of 1.22 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $73.90 billion, a PE ratio of 28.38, a P/E/G ratio of 2.19 and a beta of 0.68. The stock’s 50-day moving average is $59.43 and its 200 day moving average is $55.34. TJX Companies Inc has a 12 month low of $41.49 and a 12 month high of $61.69.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02. TJX Companies had a net margin of 7.70% and a return on equity of 57.63%. The firm had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.31 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that TJX Companies Inc will post 2.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.23 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.92 annualized dividend and a dividend yield of 1.54%. TJX Companies’s dividend payout ratio is currently 43.60%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Architects Inc raised its holdings in shares of TJX Companies by 2.3% during the third quarter. Financial Architects Inc now owns 7,534 shares of the apparel and home fashions retailer’s stock valued at $420,000 after purchasing an additional 170 shares during the period. NewFocus Financial Group LLC raised its holdings in shares of TJX Companies by 0.6% in the 3rd quarter. NewFocus Financial Group LLC now owns 28,678 shares of the apparel and home fashions retailer’s stock worth $1,599,000 after acquiring an additional 171 shares during the last quarter. Grimes & Company Inc. raised its holdings in shares of TJX Companies by 1.8% in the 3rd quarter. Grimes & Company Inc. now owns 9,886 shares of the apparel and home fashions retailer’s stock worth $551,000 after acquiring an additional 172 shares during the last quarter. Aries Wealth Management raised its holdings in shares of TJX Companies by 3.9% in the 3rd quarter. Aries Wealth Management now owns 4,801 shares of the apparel and home fashions retailer’s stock worth $281,000 after acquiring an additional 179 shares during the last quarter. Finally, Landmark Bank raised its holdings in shares of TJX Companies by 0.3% in the 3rd quarter. Landmark Bank now owns 56,348 shares of the apparel and home fashions retailer’s stock worth $3,141,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 88.63% of the company’s stock.
Several analysts recently weighed in on TJX shares. DA Davidson reissued a “positive” rating and issued a $70.00 price objective (up previously from $65.00) on shares of TJX Companies in a research note on Wednesday, November 20th. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, November 20th. Nomura initiated coverage on shares of TJX Companies in a research report on Thursday, November 7th. They set a “buy” rating and a $65.00 price target on the stock. Cowen set a $62.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Loop Capital upped their price target on shares of TJX Companies to $69.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $64.32.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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