Carol Meyrowitz Sells 16,223 Shares of The TJX Companies, Inc. (NYSE:TJX) Stock

The TJX Companies, Inc. (NYSE:TJXGet Rating) Chairman Carol Meyrowitz sold 16,223 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $79.79, for a total value of $1,294,433.17. Following the completion of the sale, the chairman now directly owns 209,390 shares in the company, valued at $16,707,228.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TJX Companies Price Performance

NYSE:TJX opened at $80.54 on Thursday. The TJX Companies, Inc. has a 1 year low of $53.69 and a 1 year high of $80.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.41. The firm has a market capitalization of $93.51 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 2.45 and a beta of 0.90. The business has a 50 day simple moving average of $68.17 and a 200-day simple moving average of $63.68.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Wednesday, November 9th. TJX Companies’s dividend payout ratio is currently 41.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TJX. Morgan Stanley upped their price target on TJX Companies from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday, November 17th. TheStreet raised TJX Companies from a “c+” rating to a “b” rating in a report on Thursday, August 18th. Gordon Haskett raised TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Thursday, November 10th. Bank of America increased their target price on TJX Companies from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 17th. Finally, The Goldman Sachs Group increased their target price on TJX Companies from $71.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, November 17th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.42.

Institutional Investors Weigh In On TJX Companies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ontario Teachers Pension Plan Board bought a new stake in TJX Companies during the 1st quarter valued at $408,331,000. FMR LLC raised its position in TJX Companies by 22.0% during the 2nd quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer’s stock valued at $1,795,510,000 after purchasing an additional 5,804,572 shares in the last quarter. 1832 Asset Management L.P. raised its position in TJX Companies by 141.0% during the 1st quarter. 1832 Asset Management L.P. now owns 8,130,500 shares of the apparel and home fashions retailer’s stock valued at $485,794,000 after purchasing an additional 4,756,845 shares in the last quarter. Capital International Investors raised its position in TJX Companies by 67.8% during the 1st quarter. Capital International Investors now owns 10,700,425 shares of the apparel and home fashions retailer’s stock valued at $648,232,000 after purchasing an additional 4,324,443 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in TJX Companies by 25.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,320,455 shares of the apparel and home fashions retailer’s stock valued at $1,134,897,000 after purchasing an additional 4,081,241 shares in the last quarter. 90.42% of the stock is owned by institutional investors.

About TJX Companies

(Get Rating)

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.

See Also

Insider Buying and Selling by Quarter for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.