The TJX Companies, Inc. (NYSE:TJX) EVP Kenneth Canestrari Sells 4,100 Shares of Stock

The TJX Companies, Inc. (NYSE:TJXGet Rating) EVP Kenneth Canestrari sold 4,100 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $78.51, for a total transaction of $321,891.00. Following the sale, the executive vice president now owns 126,822 shares of the company’s stock, valued at approximately $9,956,795.22. The sale was disclosed in a legal filing with the SEC, which is available at this link.

TJX Companies Stock Performance

NYSE TJX opened at $79.00 on Tuesday. The company has a market cap of $91.72 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.41 and a current ratio of 1.16. The business’s 50 day moving average price is $67.86 and its 200-day moving average price is $63.54. The TJX Companies, Inc. has a fifty-two week low of $53.69 and a fifty-two week high of $79.99.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 9th. TJX Companies’s dividend payout ratio is currently 41.11%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TJX shares. Cowen raised their target price on shares of TJX Companies from $78.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, November 17th. Credit Suisse Group raised their price objective on TJX Companies from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, November 17th. The Goldman Sachs Group lifted their price objective on TJX Companies from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, November 17th. Robert W. Baird lifted their price objective on TJX Companies from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, November 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of TJX Companies in a research report on Wednesday, August 17th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.42.

Hedge Funds Weigh In On TJX Companies

Large investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC increased its position in shares of TJX Companies by 119.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 452 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 246 shares during the last quarter. Financial Management Professionals Inc. grew its position in TJX Companies by 117.7% in the 2nd quarter. Financial Management Professionals Inc. now owns 468 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 253 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new position in TJX Companies in the 2nd quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC bought a new position in TJX Companies in the 3rd quarter valued at $27,000. Finally, Northern Oak Wealth Management Inc. bought a new position in TJX Companies in the 2nd quarter valued at $28,000. Institutional investors own 90.42% of the company’s stock.

About TJX Companies

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, 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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