The TJX Cos. (NYSE:TJX) EVP Kenneth Canestrari sold 6,701 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $79.56, for a total value of $533,131.56. Following the completion of the sale, the executive vice president now owns 64,871 shares of the company’s stock, valued at $5,161,136.76. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of The TJX Cos. (NYSE:TJX) traded up 0.15% during mid-day trading on Thursday, reaching $79.43. 2,570,984 shares of the company were exchanged. The stock has a market capitalization of $52.56 billion, a P/E ratio of 23.27 and a beta of 0.69. The firm has a 50-day moving average price of $74.44 and a 200 day moving average price of $76.57. The TJX Cos. has a 12 month low of $65.64 and a 12 month high of $83.64.

The TJX Cos. (NYSE:TJX) last issued its earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The TJX Cos. had a net margin of 7.00% and a return on equity of 53.12%. The business had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate that The TJX Cos. will post $3.48 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for The TJX Cos. (NYSE:TJX)

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The TJX Cos.’s dividend payout ratio (DPR) is presently 30.41%.

TJX has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research report on Wednesday, October 12th. Guggenheim reissued a “buy” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research report on Friday, September 30th. Zacks Investment Research raised shares of The TJX Cos. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Stifel Nicolaus reissued a “buy” rating and issued a $92.00 price objective on shares of The TJX Cos. in a research report on Wednesday, August 17th. Finally, Wedbush upped their price objective on shares of The TJX Cos. from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.64.

A number of institutional investors have recently added to or reduced their stakes in TJX. Global X Management Co. LLC raised its position in The TJX Cos. by 143.1% in the second quarter. Global X Management Co. LLC now owns 1,405 shares of the apparel and home fashions retailer’s stock worth $109,000 after buying an additional 827 shares during the period. Signaturefd LLC raised its position in The TJX Cos. by 4.0% in the second quarter. Signaturefd LLC now owns 1,641 shares of the apparel and home fashions retailer’s stock worth $127,000 after buying an additional 63 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in The TJX Cos. during the second quarter worth approximately $131,000. Point72 Asia Hong Kong Ltd purchased a new position in The TJX Cos. during the second quarter worth approximately $131,000. Finally, Westbourne Investment Advisors Inc. purchased a new position in The TJX Cos. during the second quarter worth approximately $143,000. Hedge funds and other institutional investors own 86.82% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “The TJX Cos. (TJX) EVP Kenneth Canestrari Sells 6,701 Shares” was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/24/the-tjx-cos-tjx-evp-kenneth-canestrari-sells-6701-shares.html.

The TJX Cos. Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

Receive News & Stock Ratings for The TJX Cos. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The TJX Cos. and related stocks with our FREE daily email newsletter.