Trade Report: Today, The TJX Cos. (TJX) EVP Sold $533,131.56 in Stock

Today, The TJX Cos. (TJX) EVP Sold $533,131.56 in Stock

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

Shares of The TJX Cos. (NYSE:TJX) opened at 79.24 on Monday. The TJX Cos. has a 12 month low of $65.64 and a 12 month high of $83.64. The stock has a market cap of $52.43 billion, a P/E ratio of 23.21 and a beta of 0.69. The stock has a 50 day moving average price of $74.59 and a 200-day moving average price of $76.58.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.31%. The TJX Cos.’s dividend payout ratio is presently 30.41%.

A number of research firms have weighed in on TJX. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price objective on shares of The TJX Cos. in a research report on Wednesday, November 16th. RBC Capital Markets reduced their price target on The TJX Cos. from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, November 16th. Royal Bank Of Canada reduced their price target on The TJX Cos. from $84.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, November 16th. Zacks Investment Research raised The TJX Cos. from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Wednesday, November 16th. Finally, Jefferies Group reissued a “hold” rating and issued a $77.00 price target on shares of The TJX Cos. in a report on Wednesday, November 16th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The TJX Cos. has a consensus rating of “Buy” and an average target price of $83.64.

Several institutional investors have recently modified their holdings of TJX. Global X Management Co. LLC increased its position in shares of 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 valued at $109,000 after buying an additional 827 shares in the last quarter. Signaturefd LLC increased its position in shares of 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 valued at $127,000 after buying an additional 63 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of The TJX Cos. during the second quarter valued at about $131,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of The TJX Cos. during the second quarter valued at about $131,000. Finally, Westbourne Investment Advisors Inc. acquired a new position in shares of The TJX Cos. during the second quarter valued at about $143,000. Institutional investors and hedge funds own 85.94% of the company’s stock.

The TJX Cos. Company Profile

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