On September 10, 2024, Ernie Herrman, CEO & President of TJX Companies Inc (TJX, Financial), executed a sale of 15,000 shares of the company. According to the SEC Filing, the transaction occurred at an average price of $117.54 per share, totaling approximately $1,763,100. Following this transaction, the insider now owns 536,148 shares of the company.
TJX Companies Inc operates as an off-price apparel and home fashions retailer in the United States and internationally. It offers a wide range of clothing, footwear, home goods, and other products.
Over the past year, Ernie Herrman has sold a total of 168,211 shares of TJX Companies Inc and has not made any purchases of the stock. This recent transaction continues a trend observed over the last year, where there have been 16 insider sells and no insider buys.
The shares of TJX Companies Inc were trading at $117.54 on the day of the sale, giving the company a market cap of approximately $132.92 billion. The price-earnings ratio of the company stands at 28.47, which is above both the industry median of 17.71 and the historical median for the company.
According to the GF Value assessment, TJX Companies Inc is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.24. The GF Value of $94.90 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider sale might interest investors as they evaluate the stock's current valuation and consider the insider's ongoing selling activities in the context of the company's market performance and valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
