Key Points
- CEO Ernie Herrman sold 30,000 shares at an average price of $160.95 on March 2, generating $4,828,500 and reducing his stake by 5.89% to 479,316 shares (valued at about $77.15M).
- TJX reported stronger-than-expected quarterly results, with $1.43 EPS versus $1.38 consensus and $17.74B revenue (up 8.5% YoY), and provided FY2027 EPS guidance of $4.930–5.020 and Q1 guidance of $0.970–0.990.
- The company declared a $0.425 quarterly dividend (annualized $1.70, yield ~1.1%), while analysts maintain a consensus "Buy" rating and a $167.55 target price.
The TJX Companies, Inc. (NYSE:TJX - Get Free Report) CEO Ernie Herrman sold 30,000 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the completion of the sale, the chief executive officer directly owned 479,316 shares of the company's stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
TJX Companies Stock Up 1.2%
Shares of TJX Companies stock opened at $161.66 on Thursday. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $162.68. The stock has a 50-day simple moving average of $155.16 and a 200-day simple moving average of $148.28. The firm has a market cap of $179.52 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 3.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.
TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. TJX Companies's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies's dividend payout ratio is 34.84%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on TJX shares. Morgan Stanley reiterated an "overweight" rating and set a $162.00 target price (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. UBS Group restated a "buy" rating on shares of TJX Companies in a research note on Wednesday. TD Cowen restated a "buy" rating on shares of TJX Companies in a research report on Thursday, November 20th. BTIG Research restated a "buy" rating and issued a $185.00 price objective (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. Finally, Argus raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $167.55.
Read Our Latest Stock Report on TJX Companies
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Lavaca Capital LLC purchased a new stake in TJX Companies during the second quarter worth $25,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock valued at $25,000 after purchasing an additional 89 shares during the period. Dogwood Wealth Management LLC boosted its stake in shares of TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 92 shares during the period. Entrust Financial LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at about $26,000. Finally, Wilkerson Advisory Group LLC purchased a new position in TJX Companies in the 4th quarter valued at approximately $26,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
TJX Companies Company Profile
(
Get Free Report)
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.
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