The TJX Cos. (TJX) EVP Kenneth Canestrari Sells 6,701 Shares
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.
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.
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.
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