Ernie Herrman Sells 30,000 Shares of TJX Companies (NYSE:TJX) Stock

The TJX Companies, Inc. (NYSE:TJX) CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the sale, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at $79,634,629.83. The trade was a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, November 21st, Ernie Herrman sold 24,363 shares of TJX Companies stock. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53.

TJX Companies Stock Performance

NYSE TJX traded up $3.39 during trading hours on Friday, hitting $151.46. 10,086,050 shares of the company’s stock traded hands, compared to its average volume of 5,277,420. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $152.58. The firm has a market capitalization of $168.57 billion, a P/E ratio of 34.50, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average price is $142.81 and its two-hundred day moving average price is $133.94.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. During the same quarter last year, the company posted $1.14 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS. FY 2026 guidance at 4.630-4.660 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s payout ratio is 38.72%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TJX shares. BTIG Research reaffirmed a “buy” rating and issued a $165.00 price objective on shares of TJX Companies in a research note on Thursday. Barclays reissued an “overweight” rating and issued a $168.00 target price (up from $155.00) on shares of TJX Companies in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group upped their price target on shares of TJX Companies from $172.00 to $181.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America increased their price objective on shares of TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $158.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of TJX Companies by 0.8% during the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock worth $14,737,557,000 after acquiring an additional 820,730 shares during the last quarter. State Street Corp increased its holdings in TJX Companies by 0.6% in the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after acquiring an additional 285,737 shares during the last quarter. Geode Capital Management LLC lifted its stake in TJX Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock worth $3,205,927,000 after purchasing an additional 301,127 shares in the last quarter. Capital International Investors boosted its holdings in shares of TJX Companies by 4.2% during the 3rd quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after purchasing an additional 630,574 shares during the last quarter. Finally, Norges Bank bought a new position in shares of TJX Companies during the 2nd quarter valued at about $1,808,774,000. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.