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Louise Greenlees Sells 8,171 Shares of The TJX Companies, Inc. (NYSE:TJX) Stock


The TJX Companies, Inc. (NYSE:TJXGet Free Report) EVP Louise Greenlees sold 8,171 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Louise Greenlees also recently made the following trade(s):

  • On Friday, March 1st, Louise Greenlees sold 2,694 shares of TJX Companies stock. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02.

TJX Companies Stock Performance

NYSE TJX opened at $103.37 on Friday. The stock has a market cap of $117.12 billion, a PE ratio of 25.65, a PEG ratio of 2.71 and a beta of 0.87. The firm’s fifty day moving average price is $97.58 and its two-hundred day moving average price is $95.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $104.98.

TJX Companies (NYSE:TJXGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. TJX Companies’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.33. TJX Companies’s payout ratio is 37.22%.

TJX Companies declared that its Board of Directors has approved a share repurchase program on Wednesday, February 28th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Barclays lifted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Sanford C. Bernstein lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.05.

Read Our Latest Research Report on TJX

Hedge Funds Weigh In On TJX Companies

A number of hedge funds have recently modified their holdings of the business. WealthPlan Investment Management LLC acquired a new position in TJX Companies in the third quarter valued at $334,000. Sigma Planning Corp lifted its holdings in TJX Companies by 4.6% in the third quarter. Sigma Planning Corp now owns 11,298 shares of the apparel and home fashions retailer’s stock valued at $1,004,000 after buying an additional 501 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in TJX Companies by 5.1% in the third quarter. Cornerstone Wealth Management LLC now owns 4,677 shares of the apparel and home fashions retailer’s stock valued at $416,000 after buying an additional 225 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in TJX Companies by 9.7% in the third quarter. Great Valley Advisor Group Inc. now owns 3,194 shares of the apparel and home fashions retailer’s stock valued at $284,000 after buying an additional 282 shares during the period. Finally, Savant Capital LLC lifted its holdings in TJX Companies by 11.5% in the third quarter. Savant Capital LLC now owns 22,002 shares of the apparel and home fashions retailer’s stock valued at $1,956,000 after buying an additional 2,272 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

About TJX Companies

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for TJX Companies (NYSE:TJX)



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